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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Income Statement [Abstract]        
Net product sales $ 33,945 $ 28,005 $ 96,265 $ 69,444
Operating expenses:        
Cost of goods sold 1,573 513 3,351 1,424
Research and development 18,428 14,064 50,775 34,974
Selling, general and administrative 23,848 22,308 66,178 56,856
Legal fee settlement 5,212 0 5,212 0
Change in fair value of contingent consideration (5,256) (6,906) (10,741) (7,026)
Impairment of intangible assets 0 4,710 0 4,710
Total operating expenses 54,317 48,501 136,257 104,990
Operating loss (20,372) (20,496) (39,992) (35,546)
Other income (expenses), net:        
Other income (expenses), net 151 (314) 156 35
Interest expense, net (299) (695) (609) (7,415)
Debt early payment penalty 0 0 0 (2,250)
Finance expense 0 0 0 (600)
Change in fair value of derivative instruments (10,126) 29,991 (4,849) (36,180)
Gain on sale of assets 0 140,004 0 140,004
Loss on extinguishment of debt 0 (4,151) 0 (4,151)
Litigation settlement gain 0 0 0 15,500
Bargain purchase gain 0 0 0 49,063
Total other income (loss), net (10,274) 164,835 (5,302) 154,006
Income (loss) before provision for income taxes (30,646) 144,339 (45,294) 118,460
Income tax benefit (expense) (6,467) (38,761) 5,994 1,246
Net income (loss) $ (37,113) $ 105,578 $ (39,300) $ 119,706
Net earnings (loss) per common share, basic (in dollars per share) $ (1.00) $ 2.95 $ (1.07) $ 3.67
Net earnings (loss) per common share, diluted (in dollars per share) $ (1.00) $ 1.78 $ (1.07) $ 3.30
Weighted average common shares outstanding, basic (in shares) 36,980,356 35,741,877 36,728,911 32,650,408
Weighted average common shares outstanding, diluted (in shares) 36,980,356 42,752,859 36,728,911 36,800,536
Comprehensive income (loss):        
Net income (loss) $ (37,113) $ 105,578 $ (39,300) $ 119,706
Foreign currency translation 17 14 19 8
Unrealized gain (loss) on marketable securities 308 (876) (397) (4,395)
Comprehensive income (loss) $ (36,788) $ 104,716 $ (39,678) $ 115,319