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Accrued Expenses
3 Months Ended
Mar. 31, 2017
Payables And Accruals [Abstract]  
Accrued Expenses

Note 5—Accrued Expenses:

Accrued expenses consisted of the following (in thousands):

 

 

 

March 31, 2017

 

 

December 31, 2016

 

Accrued CRO services

 

$

7,864

 

 

$

6,609

 

Accrued other clinical development

 

 

6,225

 

 

 

7,015

 

Accrued legal fees

 

 

1,579

 

 

 

706

 

Accrued compensation

 

 

3,982

 

 

 

3,058

 

Other

 

 

110

 

 

 

38

 

Totals

 

$

19,760

 

 

$

17,426

 

 

Accrued CRO services represent the Company’s estimate of such costs and will be adjusted in the period the actual costs become known. Accrued compensation includes estimated bonus and earned but unused vacation for full-time employees. When actual performance bonuses are paid out to employees, the bonus expense will be adjusted to reflect the actual expense for the year. Additionally, vacation is accrued at the rate the employee earns vacation and reduced as vacation is used by the employee.