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Statement of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended 84 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2013
Operating Activities        
Net loss $ (51,145) $ (14,562) $ (18,633) $ (151,775)
Adjustments to reconcile net loss to net cash used in operating activities:        
Depreciation 20 31 32 174
Amortization of debt issuance costs 88 47   135
Accretion of debt discount 87 59   146
Non-cash change in fair value of warrant liability 1,181 366 7 1,563
Non-cash change in fair value of investor rights liability       (683)
Loss on extinguishment of debt 1,091     1,091
Share-based compensation 2,871 640 248 4,061
Series A-1, Series B-1 and Junior Preferred Stock issued for acquired technology and licenses     500 9,500
Accrued interest expense converted to Series A Preferred Stock       2
Changes in operating assets and liabilities:        
Prepaid expense and other current assets (6,761) 21 135 (6,804)
Other receivables   1,036 (738)  
Security deposits (96)     (255)
Accrued clinical drug supplies and trial costs 1,472 (485) (822) 2,485
Accounts payable and accrued expenses 2,375 (235) 172 3,754
Deferred rent 42 (22) (24) 42
Net cash used in operating activities (48,775) (13,104) (19,123) (136,564)
Investing Activities        
Purchase of marketable securities       (4,238)
Maturities of marketable securities     3,400 4,250
Purchase of property, equipment (5)   (4) (201)
Net cash used in investing activities (5)   3,396 (189)
Financing Activities        
Payment of debt issuance costs (43) (377)   (421)
Proceeds from issuance of common stock 94 2 4 218
Proceeds from initial public offering, net 175,555     175,555
(Repayments on) Proceeds from issuance of notes payable, net (11,900) 11,387   (302)
Proceeds from issuance of preferred stock, net 49,699   14,990 130,632
Proceeds from royalty purchase agreement 41,667     41,667
Net cash provided by financing activities 255,072 11,012 14,994 347,349
Net change in cash and cash equivalents 206,292 (2,092) (733) 210,596
Cash and cash equivalents        
Beginning of period 4,304 6,396 7,129  
End of period 210,596 4,304 6,396 210,596
Supplemental disclosure of cash paid        
Interest 1,523 437   1,964
Income Taxes 0      
Supplemental disclosures of cash flow information        
Conversion of preferred stock to common stock upon completion of IPO 174,310     174,310
Accreted dividends on Series A, Series A-1, Series of B, B-1 and Series C Preferred Stock 5,891 7,063 6,838 33,046
Notes payable and accrued interest converted to Series A Preferred Stock       $ 212