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Unaudited Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Income Statement [Abstract]        
Collaboration revenue $ 1,668 $ 3,448 $ 45,587 $ 46,723
Operating expenses:        
Research and development 50,854 40,479 136,886 97,095
General and administrative 12,024 10,412 37,209 31,955
Total operating expenses 62,878 50,891 174,095 129,050
Loss from operations (61,210) (47,443) (128,508) (82,327)
Interest income 409 320 1,301 584
Other income (loss) (20) 19 (88) 46
Loss before income tax (benefit) provision (60,821) (47,104) (127,295) (81,697)
Income tax (benefit) provision 70 (7,531) (158) (11,629)
Net loss $ (60,891) $ (39,573) $ (127,137) $ (70,068)
Net loss per common share:        
Basic and diluted (in dollars per share) $ (1.71) $ (1.14) $ (3.59) $ (2.03)
Weighted average common shares outstanding:        
Basic and diluted (in shares) 35,594 34,782 35,415 34,432