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Statements of Operations and Comprehensive Loss - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Revenue:        
Collaboration revenue $ 1,875,000   $ 4,375,000  
Total revenue 1,875,000   4,375,000  
Operating expenses:        
General and administrative 2,780,115 $ 2,536,807 8,977,000 $ 7,033,492
Research and development 9,650,138 13,006,568 30,524,601 29,671,114
Total operating expenses 12,430,253 15,543,375 39,501,601 36,704,606
Loss from operations (10,555,253) (15,543,375) (35,126,601) (36,704,606)
Other income (expense):        
Change in fair value of warrant liability (68,037) 11,181 (71,102) 109,522
Gain on asset disposal     2,656  
Miscellaneous income 731   174,266 184,015
Interest income 79,407 1,809 172,095 11,589
Interest expense (72,331) (4,487) (215,293) (4,487)
Total other income (expense) (60,230) 8,503 62,622 300,639
Net loss and comprehensive loss (10,615,483) (15,534,872) (35,063,979) (36,403,967)
Accretion of redeemable convertible preferred stock       (28,521)
Net loss attributable to common stockholders $ (10,615,483) $ (15,534,872) $ (35,063,979) $ (36,432,488)
Per share information:        
Net loss per share of common stock, basic and diluted (in dollars per share) $ (0.24) $ (0.59) $ (0.85) $ (1.58)
Weighted average shares outstanding, basic and diluted (in shares) 44,214,428 26,366,300 41,443,362 23,036,366