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Condensed Consolidated Statements of Cash Flow - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
OPERATING ACTIVITIES        
Net loss for the period $ (130,000,000) $ (14,886,000) $ (145,874,000) $ (26,875,000)
Items not involving cash:        
Deferred Income taxes (64,864,000) 0 (64,864,000) 0
Depreciation of property and equipment 252,000 147,000 469,000 267,000
Unrealized foreign exchange (gains) losses 51,000 2,639,000 (2,956,000) (4,418,000)
Change in fair value of warrant liability (168,000) (2,024,000) (329,000) (801,000)
Change in fair value of contingent consideration 252,000 0 496,000 0
Impairment of intangible assets 156,324,000 0 156,324,000 0
Net change in non-cash operating items:        
Accounts receivable (116,000) (1,738,000) 552,000 (4,624,000)
Accrued revenue 0 1,304,000 0 178,000
Investment tax credits receivable 98,000 0 98,000 0
Prepaid expenses and other assets (573,000) (519,000) (847,000) (298,000)
Accounts payable and accrued liabilities 42,000 (7,351,000) (1,074,000) (5,343,000)
Deferred revenue (213,000) 334,000 (370,000) (957,000)
Net cash used in operating activities (16,804,000) (16,671,000) (28,351,000) (35,641,000)
INVESTING ACTIVITIES        
Disposition (acquisition) of short and long-term investments, net (84,439,000) (9,944,000) (97,745,000) 27,419,000
Cash acquired through acquisition 0 0 0 324,000
Acquisition of property and equipment (954,000) (383,000) (1,230,000) (524,000)
Net cash provided by (used) in investing activities (85,393,000) (10,327,000) (98,975,000) 27,219,000
FINANCING ACTIVITIES        
Proceeds from issuance of common shares, net of issuance costs 0 2,000 0 142,177,000
Issuance of common shares pursuant to exercise of options 1,000 939,000 116,000 1,559,000
Issuance of common shares pursuant to exercise of warrants 445,000 19,000 445,000 44,000
Net cash provided by financing activities 446,000 960,000 561,000 143,780,000
Effect of foreign exchange rate changes on cash and cash equivalents (51,000) 967,000 2,956,000 (340,000)
(Decrease) Increase in cash and cash equivalents (101,802,000) (25,071,000) (123,809,000) 135,018,000
Cash and cash equivalents, beginning of period 144,772,000 232,276,000 166,779,000 72,187,000
Cash and cash equivalents, end of period 42,970,000 207,205,000 42,970,000 207,205,000
Non-cash transactions:        
Investment tax credit received 0 25,000 0 25,000
Acquisition of Arbutus Inc. excluding cash acquired 0 0 0 381,618,000
Research, development, collaborations and contracts expenses        
Items not involving cash:        
Stock-based compensation 2,519,000 1,377,000 5,466,000 2,705,000
General and administrative expenses        
Items not involving cash:        
Stock-based compensation $ 19,592,000 $ 4,046,000 $ 24,558,000 $ 4,525,000