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Quarterly Financial Data (unaudited) (Tables)
12 Months Ended
Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]  
Recurring Adjustments Necessary for Fair Statement

The following information has been derived from unaudited consolidated financial statements that, in the opinion of management, include all recurring adjustments necessary for a fair statement of such information.

 

 

 

Three Months Ended

 

 

 

March 31,

 

 

June 30,

 

 

September 30,

 

 

December 31,

 

(in thousands, except per share amounts)

 

2017

 

 

2017

 

 

2017

 

 

2017

 

Revenues

 

$

0

 

 

$

0

 

 

$

0

 

 

$

355

 

Operating expenses

 

 

23,782

 

 

 

26,902

 

 

 

31,221

 

 

 

48,132

 

Net loss

 

 

(23,879

)

 

 

(28,880

)

 

 

(34,188

)

 

 

(50,534

)

Net loss per common share—basic and diluted

 

$

(0.75

)

 

$

(0.91

)

 

$

(1.07

)

 

$

(1.38

)

Weighted average common shares—basic and diluted

 

 

31,704

 

 

 

31,826

 

 

 

31,931

 

 

 

36,644

 

 

 

 

Three Months Ended

 

 

 

March 31,

 

 

June 30,

 

 

September 30,

 

 

December 31,

 

(in thousands, except per share amounts)

 

2016

 

 

2016

 

 

2016

 

 

2016

 

Operating expenses

 

$

16,673

 

 

$

14,120

 

 

$

17,435

 

 

$

21,552

 

Net loss

 

 

(16,815

)

 

 

(14,185

)

 

 

(17,782

)

 

 

(23,112

)

Net loss per common share—basic and diluted

 

$

(0.78

)

 

$

(0.63

)

 

$

(0.65

)

 

$

(0.79

)

Weighted average common shares—basic and diluted

 

 

21,570

 

 

 

22,666

 

 

 

27,524

 

 

 

29,347