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Quarterly Financial Data (unaudited) (Tables)
12 Months Ended
Dec. 31, 2015
Quarterly Financial Data (unaudited)  
Schedule of quarterly financial information

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year ended December 31, 2015

 

 

 

(In thousands, except per share data)

 

 

    

First Quarter

    

Second Quarter

    

Third Quarter

    

Fourth Quarter

 

Revenue:

 

 

 

 

 

 

 

 

 

 

 

 

 

Product revenue

 

$

11

 

$

 

$

245

 

$

343

 

Research revenue

 

 

178

 

 

564

 

 

804

 

 

668

 

Total revenue

 

$

189

 

$

564

 

$

1,049

 

$

1,011

 

Costs and expenses:

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of product revenue

 

 

1

 

 

 —

 

 

829

 

 

910

 

Research and development

 

 

5,869

 

 

6,651

 

 

6,204

 

 

6,638

 

Selling, general and administrative

 

 

4,468

 

 

4,437

 

 

5,181

 

 

5,008

 

Total costs and expenses

 

 

10,338

 

 

11,088

 

 

12,214

 

 

12,556

 

Loss from operations

 

$

(10,149)

 

$

(10,524)

 

$

(11,165)

 

$

(11,545)

 

Net loss

 

$

(10,619)

 

$

(10,995)

 

$

(11,644)

 

$

(12,032)

 

Net loss applicable to common shareholders

 

$

(10,619)

 

$

(10,995)

 

$

(11,644)

 

$

(12,032)

 

Per share data:

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss per common share—basic and diluted

 

$

(0.53)

 

$

(0.54)

 

$

(0.57)

 

$

(0.56)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year ended December 31, 2014

 

 

 

(In thousands, except per share data)

 

 

    

First Quarter

    

Second Quarter

    

Third Quarter

    

Fourth Quarter

 

Revenue:

 

 

 

 

 

 

 

 

 

 

 

 

 

Product revenue

 

$

 

$

 

$

 

$

 

Research revenue

 

 

 

 

 

 

 

 

119

 

Total revenue

 

$

 

$

 

$

 

$

119

 

Costs and expenses:

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of product revenue

 

 

 —

 

 

 —

 

 

 —

 

 

 —

 

Research and development

 

 

5,066

 

 

4,703

 

 

4,803

 

 

5,210

 

Selling, general and administrative

 

 

1,841

 

 

2,446

 

 

2,984

 

 

3,747

 

Total costs and expenses

 

 

6,907

 

 

7,149

 

 

7,787

 

 

8,957

 

Loss from operations

 

$

(6,907)

 

$

(7,149)

 

$

(7,787)

 

$

(8,838)

 

Net loss

 

$

(6,920)

 

$

(7,303)

 

$

(8,091)

 

$

(9,076)

 

Net loss applicable to common shareholders

 

$

(8,826)

 

$

(9,209)

 

$

(8,849)

 

$

(9,076)

 

Per share data:

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss per common share—basic and diluted

 

$

(6.25)

 

$

(6.35)

 

$

(0.71)

 

$

(0.45)