Subsequent Event

9 Months Ended

Sep. 30, 2016

Subsequent Events [Abstract]

Subsequent Event

Subsequent Event

In October 2016, the Company sold 1,062,330 shares of its common stock through the “at the market” equity offering program under its sales agreement with Cowen & Company (“Cowen”) for total gross proceeds of $21.2 million. The net proceeds from the sale of the shares, after deducting Cowen’s commission and other expenses of the offering, were approximately $20.4 million. After completion of this sale, approximately $5.8 million of the Company’s common stock remained available for sale under the “at the market” equity offering program.