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Quarterly Results (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Information

The following table is in thousands, except per share amounts:

 

 

 

Quarters Ended

 

 

 

March 31,

 

 

June 30,

 

 

September 30,

 

 

December 31,

 

 

 

2016

 

 

2016

 

 

2016

 

 

2016

 

Consolidated Statement of operations data:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Research and development

 

$

18,192

 

 

$

16,397

 

 

$

20,664

 

 

$

16,731

 

General and administrative

 

 

5,915

 

 

 

5,909

 

 

 

6,752

 

 

 

5,760

 

Total operating expenses

 

 

24,107

 

 

 

22,306

 

 

 

27,416

 

 

 

22,491

 

Loss from operations

 

 

(24,107

)

 

 

(22,306

)

 

 

(27,416

)

 

 

(22,491

)

Interest income

 

 

105

 

 

 

129

 

 

 

120

 

 

 

160

 

Other income (expense), net

 

 

(230

)

 

 

59

 

 

 

(39

)

 

 

446

 

Net loss before provision for income taxes

 

 

(24,232

)

 

 

(22,118

)

 

 

(27,335

)

 

 

(21,885

)

Provision for income taxes

 

 

 

 

 

 

 

 

 

 

 

247

 

Net loss

 

$

(24,232

)

 

$

(22,118

)

 

$

(27,335

)

 

$

(22,132

)

Net loss per share- basic and diluted

 

$

(0.82

)

 

$

(0.75

)

 

$

(0.92

)

 

$

(0.64

)

Weighted-average common shares used to compute

     basic and diluted net loss per share

 

 

29,422

 

 

 

29,489

 

 

 

29,574

 

 

 

34,609

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quarters Ended

 

 

 

March 31,

 

 

June 30,

 

 

September 30,

 

 

December 31,

 

 

 

2015

 

 

2015

 

 

2015

 

 

2015

 

Consolidated Statement of operations data:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Research and development

 

$

17,100

 

 

$

11,940

 

 

$

15,400

 

 

$

15,586

 

General and administrative

 

 

5,181

 

 

 

7,556

 

 

 

5,124

 

 

 

4,622

 

Total operating expenses

 

 

22,281

 

 

 

19,496

 

 

 

20,524

 

 

 

20,208

 

Loss from operations

 

 

(22,281

)

 

 

(19,496

)

 

 

(20,524

)

 

 

(20,208

)

Interest income

 

 

49

 

 

 

65

 

 

 

54

 

 

 

51

 

Other income (expense), net

 

 

226

 

 

 

(236

)

 

 

91

 

 

 

32

 

Net loss and comprehensive loss

 

 

(22,006

)

 

 

(19,667

)

 

 

(20,379

)

 

 

(20,125

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss attributable to common stockholders

 

$

(22,006

)

 

$

(19,667

)

 

$

(20,379

)

 

$

(20,125

)

Net loss per basic and diluted share attributable to

     common stockholders

 

$

(0.79

)

 

$

(0.67

)

 

$

(0.69

)

 

$

(0.69

)

Weighted-average common shares used to compute

     basic and diluted net loss per share

 

 

27,810

 

 

 

29,293

 

 

 

29,354

 

 

 

29,379