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Consolidated Statements of Operations and Comprehensive Loss - USD ($)
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Operating expenses:      
Research and development $ 41,313,942 $ 32,691,445 $ 17,923,348
General and administrative 28,466,350 13,371,631 9,063,926
Total operating expenses 69,780,292 46,063,076 26,987,274
Loss from operations (69,780,292) (46,063,076) (26,987,274)
Other income (expense):      
Interest income 1,520,659 1,246,133 478,715
Interest expense (1,747,186) (570,990) (401,370)
Other income (expense), net (1,887,140) (927,518) (403,735)
Total other income (expense) (2,113,667) (252,375) (326,390)
Net loss $ (71,893,959) $ (46,315,451) $ (27,313,664)
Net loss per common share, basic and diluted $ (2.84) $ (2.15) $ (1.97)
Weighted average common shares outstanding, basic and diluted 25,296,527 21,497,119 13,893,961
Other comprehensive gain (loss) :      
Unrealized gains (losses) from available-for-sale securities, net of tax of $0 $ 26,038 $ (91,411) $ (5,212)
Total other comprehensive income (loss) 26,038 (91,411) (5,212)
Comprehensive loss $ (71,867,921) $ (46,406,862) $ (27,318,876)