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Condensed Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash Flows Used In Operating Activities    
Net loss $ (23,687,000) $ (13,206,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 125,000 124,000
Amortization of premiums (discounts) on investments (210,000) 36,000
Stock-based compensation 1,683,000 1,881,000
Non-cash lease expense 329,000  
Changes in operating assets and liabilities:    
Receivables from collaborations (516,000) (682,000)
Prepaid expenses and other current assets 241,000 (234,000)
Other assets (63,000) (174,000)
Accounts payable 365,000 1,092,000
Accrued liabilities 1,461,000 1,366,000
Lease liability (352,000)  
Deferred revenue 0 (5,189,000)
Deferred rent, non-current   34,000
Net cash used in operating activities (20,624,000) (14,952,000)
Cash Flows Provided by Investing Activities    
Purchases of investments (14,104,000) (16,832,000)
Proceeds from maturity of investments 23,100,000 38,026,000
Purchases of property and equipment   (26,000)
Net cash provided by investing activities 8,996,000 21,168,000
Cash Flows Provided By Financing Activities    
Proceeds from issuance of common stock through an at-the-market offering, net 1,146,000  
Proceeds from stock option exercises 8,000 150,000
Net cash provided by financing activities 1,154,000 150,000
Net (decrease) increase in cash, cash equivalents, and restricted cash (10,474,000) 6,366,000
Cash, cash equivalents, and restricted cash at beginning of period 51,498,000 48,915,000
Cash, cash equivalents, and restricted cash at end of period 41,024,000 55,281,000
Supplemental Disclosure of Non-Cash Activities:    
Unpaid amounts related to stock issuance and deferred financing costs $ 29,000 $ 58,000