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Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Statements of Operations        
Collaboration revenue $ 3,448 $ 39,575 $ 46,723 $ 39,575
Operating expenses:        
Research and development 40,479 17,105 97,095 66,189
General and administrative 10,412 8,812 31,955 22,731
Total operating expenses 50,891 25,917 129,050 88,920
Income (loss) from operations (47,443) 13,658 (82,327) (49,345)
Interest income and other 339 73 630 189
Income (loss) before income tax provision (47,104) 13,731 (81,697) (49,156)
Income tax (benefit) provision (7,531) 5,179 (11,629) 35,964
Net income (loss) $ (39,573) $ 8,552 $ (70,068) $ (85,120)
Net income (loss) per common share:        
Basic (in dollars per share) $ (1.14) $ 0.26 $ (2.03) $ (2.57)
Diluted (in dollars per share) $ (1.14) $ 0.25 $ (2.03) $ (2.57)
Weighted average common shares outstanding:        
Basic (in shares) 34,782 33,531 34,432 33,074
Diluted (in shares) 34,782 34,859 34,432 33,074