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Condensed Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 89,626 $ 78,768 [1]
Short-term investments 34,315 89,321 [1]
Accounts receivable 17 85 [1]
Unbilled license revenue [1]   5,000
Prepaid expenses and other current assets 3,283 3,197 [1]
Total current assets 127,241 176,371 [1]
Property and equipment, net 4,469 5,611 [1]
Right-of-use assets 4,919  
Other assets 1,351 1,350 [1]
Total assets 137,980 183,332 [1]
Current liabilities:    
Accounts payable 1,260 1,148 [1]
Accrued compensation and benefits 2,351 2,723 [1]
Uncharged license fees [1]   1,000
Current portion of operating lease liability 2,318  
Accrued and other liabilities 10,404 12,857 [1]
Total current liabilities 16,333 17,728 [1]
Operating lease liability, net of current portion 3,433  
Loan payable, long term 49,597 49,209 [1]
Other long-term liabilities [1]   582
Total liabilities 69,363 67,519 [1]
Commitments and contingencies [1]
Stockholders' equity:    
Preferred stock, $0.0001 par value; 5,000,000 shares authorized; no shares issued and outstanding as of June 30, 2019 and December 31, 2018, respectively [1]
Common stock, $0.0001 par value; 300,000,000 shares authorized; 62,800,869 and 62,516,627 shares issued and outstanding as of June 30, 2019 and December 31, 2018, respectively 6 6 [1]
Additional paid-in capital 485,718 481,357 [1]
Accumulated deficit (417,123) (365,512) [1]
Accumulated other comprehensive loss 16 (38) [1]
Total stockholders' equity 68,617 115,813 [1]
Total liabilities and stockholders' equity $ 137,980 $ 183,332 [1]
[1] Derived from the audited consolidated financial statements included in the Company’s Annual Report on Form 10K for the year ended December 31, 2018.