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Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended 81 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Operating Activities      
Net loss $ (30,757) $ (10,731) $ (131,387)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation 14 24 169
Amortization of debt issuance costs 88 24 135
Accretion of debt discount 87 30 146
Non-cash change in fair value of warrant liability 1,231 332 1,612
Non-cash change in fair value of investor rights liability     (683)
Loss on extinguishment of debt 1,091   1,091
Share-based compensation 1,607 283 2,797
Accrued interest expense converted to Series A Preferred Stock     2
Changes in operating assets and liabilities:      
Prepaid expense and other current assets (2,052) 27 (2,107)
Other receivables   1,036  
Security deposits (11)   (170)
Accrued clinical drug supplies and trial costs 2,464 (1,039) 3,477
Accounts payable and accrued expenses 3,040 787 4,431
Deferred rent   (22)  
Net cash used in operating activities (23,198) (9,249) (110,987)
Investing Activities      
Purchase of marketable securities     (4,238)
Maturities of marketable securities     4,250
Purchase of property, equipment (5)   (201)
Net cash used in investing activities (5)   (189)
Financing Activities      
Payment of debt issuance costs (43) (263) (421)
Proceeds from issuance of common stock   2 124
Proceeds from initial public offering, net 175,555   175,555
Proceeds from issuance of notes payable, net     210
(Repayment of) proceeds from issuance of venture debt facility, net (11,900) 7,460 (512)
Proceeds from issuance of preferred stock, net 49,699   130,632
Proceeds from royalty purchase agreement 41,667   41,667
Net cash provided by financing activities 254,978 7,199 347,255
Net change in cash and cash equivalents 231,775 (2,050) 236,079
Cash and cash equivalents      
Beginning of period 4,304 6,396  
End of period 236,079 4,346 236,079
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 5,288 33,046
Notes payable and accrued interest converted to Series A Preferred Stock     212
Series A-1, Series B-1 and Junior Preferred Stock
     
Adjustments to reconcile net loss to net cash used in operating activities:      
Preferred Stock issued for acquired technology and licenses     $ 9,500