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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash Flows from Operating Activities    
Net loss $ (41,211) $ (26,531)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 1,659 739
Amortization of intangible assets 268 277
Accretion of discounts and amortization of premiums on marketable securities 497 1,045
Stock-based compensation 7,985 7,068
Excess tax benefit from stock-based compensation   (2,185)
Gain from remeasurement of fair value of contingent consideration 1,636 (317)
Loss on disposal of property and equipment 5  
Deferred income tax 1,272  
Changes in operating assets and liabilities:    
Accounts receivable (2,238) 3,462
Prepaid expenses and other assets (5,832) (9,074)
Restricted cash   (468)
Accounts payable 607 (2,814)
Deferred revenue (7,514) (7,542)
Accrued clinical trial and manufacturing expenses (576) 8,356
Accrued expenses and other liabilities (670) 2,094
Net cash used in operating activities (44,112) (25,890)
Cash Flows from Investing Activities    
Purchase of marketable securities (140,626) (244,250)
Proceeds from maturities of marketable securities 233,678 233,108
Purchase of property and equipment (1,453) (10,536)
Net cash provided by (used in) investing activities 91,599 (21,678)
Cash Flows from Financing Activities    
Proceeds from employee stock purchase plan 494 514
Excess tax benefit from stock-based compensation   2,185
Proceeds from exercise of stock options and warrants 435 351
Proceeds from issuance of common stock, net of offering costs 60,467  
Net cash provided by financing activities 61,396 3,050
Net increase (decrease) in cash and cash equivalents 108,883 (44,518)
Cash and cash equivalents at beginning of period 74,932 150,456
Cash and cash equivalents at end of period 183,815 105,938
Supplemental Disclosure of Cash Flow Information    
Cash paid for taxes 850 8,600
Supplemental Disclosure of Non-Cash Investing and Financing Activities    
Purchase of property and equipment in accounts payable and accrued liabilities $ 219 $ 4,135