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Condensed Consolidated Statement of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash Flows from Operating Activities    
Net loss $ (61,582,000) $ (42,309,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 1,230,000 381,000
Amortization of intangible assets 415,000 0
Accretion of discounts and amortization of premiums on marketable securities 1,462,000 165,000
Stock-based compensation 10,852,000 5,232,000
Excess tax benefit from stock-based compensation (4,921,000)  
Gain from remeasurement of fair value of contingent consideration (313,000)  
Loss from remeasurement of fair value of warrants   26,077,000
Changes in operating assets and liabilities:    
Accounts receivable 3,790,000 6,000
Prepaid expenses and other assets (2,939,000) (2,455,000)
Accounts payable (3,346,000) 2,209,000
Deferred revenue (11,253,000) 165,195,000
Accrued clinical trial and manufacturing expenses 1,761,000 1,536,000
Accrued expenses and other liabilities 4,294,000 1,717,000
Net cash (used in) provided by operating activities (60,550,000) 157,754,000
Cash Flows from Investing Activities    
Purchase of marketable securities (316,098,000) (267,513,000)
Proceeds from maturities of marketable securities 306,264,000  
Restricted cash (468,000)  
Purchase of property and equipment (19,479,000) (1,816,000)
Net cash used in investing activities (29,781,000) (269,329,000)
Cash Flows from Financing Activities    
Proceeds from issuance of common stock, net of offering costs 31,849,000 150,283,000
Proceeds from issuance of convertible preferred stock, net of issuance costs   22,522,000
Excess tax benefit from stock-based compensation 4,921,000  
Proceeds from exercise of stock options and warrants 574,000 305,000
Proceeds from employee stock purchase plan 514,000  
Net cash provided by financing activities 37,858,000 173,110,000
Net (decrease) increase in cash and cash equivalents (52,473,000) 61,535,000
Cash and cash equivalents at beginning of period 150,456,000 119,456,000
Cash and cash equivalents at end of period 97,983,000 180,991,000
Supplemental Disclosure of Cash Flow Information    
Cash paid for taxes 18,900,000  
Supplemental Disclosure of Non-Cash Investing and Financing Activities    
Conversion of convertible preferred stock to common stock   164,964,000
Reclassification of warrant liabilities to additional paid-in capital   27,066,000
Purchase of property and equipment in accounts payable and accrued liabilities $ 3,667,000 $ 79,000