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Condensed Consolidated Statement of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash Flows from Operating Activities    
Net loss $ (28,827,000) $ (16,616,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 357,000 93,000
Amortization of intangible assets 137,000 0
Accretion of discounts and amortization of premiums on marketable securities 550,000  
Stock-based compensation 3,743,000 580,000
Excess tax benefit from stock-based compensation (2,161,000)  
Gain from remeasurement of fair value of contingent consideration (317,000)  
Loss from remeasurement of fair value of warrants   9,342,000
Changes in operating assets and liabilities:    
Accounts receivable 2,979,000 2,622,000
Prepaid expenses and other assets (6,021,000) (776,000)
Accounts payable 140,000 1,018,000
Deferred revenue (3,761,000) (9,072,000)
Accrued clinical trial and manufacturing expenses 5,092,000 1,353,000
Accrued expenses and other liabilities 4,726,000 2,985,000
Net cash used in operating activities (23,363,000) (8,471,000)
Cash Flows from Investing Activities    
Purchase of marketable securities (138,564,000)  
Proceeds from maturities of marketable securities 130,509,000  
Purchase of property and equipment (1,365,000) (314,000)
Net cash used in investing activities (9,420,000) (314,000)
Cash Flows from Financing Activities    
Deferred offering costs   (297,000)
Proceeds from issuance of convertible preferred stock, net of issuance costs   22,522,000
Excess tax benefit from stock-based compensation 2,161,000  
Proceeds from exercise of stock options and warrants 299,000 88,000
Net cash provided by financing activities 2,460,000 22,313,000
Net (decrease) increase in cash and cash equivalents (30,323,000) 13,528,000
Cash and cash equivalents at beginning of period 150,456,000 119,456,000
Cash and cash equivalents at end of period 120,133,000 132,984,000
Supplemental Disclosure of Non-Cash Investing and Financing Activities    
Accrued offering costs   910,000
Purchase of property and equipment in accounts payable and accrued liabilities $ 1,159,000 $ 214,000