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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenue:        
Collaboration and license revenue $ 5,876 $ 38,938 $ 9,648 $ 42,921
Grant revenue 41 41 41 88
Total revenue 5,917 38,979 9,689 43,009
Operating expenses:        
Research and development 21,440 26,882 42,011 47,809
General and administrative 8,245 8,700 16,523 17,699
Amortization of intangible assets 136 140 268 277
Total operating expenses 29,821 35,722 58,802 65,785
(Loss) income from operations (23,904) 3,257 (49,113) (22,776)
Interest income, net 780 520 1,430 974
Other loss, net (64) (9) (68) (31)
(Loss) income before income tax (23,188) 3,768 (47,751) (21,833)
Income tax (benefit) provision (3,788) 1,472 (6,540) 4,698
Net (loss) income $ (19,400) $ 2,296 $ (41,211) $ (26,531)
Net (loss) income per common share, basic $ (0.27) $ 0.04 $ (0.59) $ (0.41)
Net (loss) income per common share, diluted $ (0.27) $ 0.03 $ (0.59) $ (0.41)
Shares used in computing net loss per common share, basic 71,101,336 64,434,903 69,679,746 64,138,737
Shares used in computing net loss per common share, diluted 71,101,336 71,473,807 69,679,746 64,138,737