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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues:        
Collaborative arrangements revenue $ 64,612 $ 54,350 $ 116,489 $ 120,392
Product revenue, net 465   754  
Total revenues 65,077 54,350 117,243 120,392
Cost and expenses:        
Cost of revenues, excluding amortization of acquired intangible asset 3,502   4,033  
Write-down of lesinurad commercial supply to net realizable value and loss on non-cancellable purchase commitments 96   96  
Research and development 37,344 31,682 71,046 63,524
Selling, general and administrative 57,792 36,918 113,396 73,086
Amortization of acquired intangible asset 421 1,065 841 1,065
Loss on fair value remeasurement of contingent consideration 6,933   8,547  
Total cost and expenses 106,088 69,665 197,959 137,675
Loss from operations (41,011) (15,315) (80,716) (17,283)
Other (expense) income:        
Interest expense (9,046) (9,827) (18,029) (19,734)
Interest and investment income 496 295 891 516
Gain on derivatives 5,337 3,145 3,138 1,502
Loss on extinguishment of debt     (2,009)  
Other expense, net (3,213) (6,387) (16,009) (17,716)
Net loss $ (44,224) $ (21,702) $ (96,725) $ (34,999)
Net loss per share—basic and diluted $ (0.30) $ (0.15) $ (0.65) $ (0.24)
Weighted average number of common shares used in net loss per share—basic and diluted: 148,778 144,642 148,285 144,118