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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Income Statement [Abstract]      
Collaboration revenue $ 0 $ 0 $ 209,977
Operating expenses:      
Research and development 39,644 41,737 66,289
General and administrative 21,628 23,612 35,683
Total operating expenses 61,272 65,349 101,972
Income (loss) from operations (61,272) (65,349) 108,005
Interest income 2,151 2,389 1,522
Gain on extinguishment of Royalty Purchase Liability 0 125,000 0
Other income (expense) 151 (16) (34)
Income (loss) before income tax benefit (58,970) 62,024 109,493
Income tax benefit (111) (1,063) (4,712)
Net income (loss) $ (58,859) $ 63,087 $ 114,205
Net income (loss) per common share:      
Basic (in dollars per share) $ (1.39) $ 1.70 $ 3.18
Dilutive (in dollars per share) $ (1.39) $ 1.70 $ 3.17
Weighted average common shares outstanding:      
Basic (in shares) 42,224 37,061 35,919
Dilutive (in shares) 42,224 37,088 36,007