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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities    
Net loss $ (116,107) $ (73,684)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation and amortization 190 161
Stock-based compensation expense 11,101 8,028
Changes in assets and liabilities    
Prepaid expenses and other assets (93) (1,539)
Accounts payable 2,876 29
Accrued and other liabilities 22,995 5,007
Income taxes payable (247)  
Upfront payment from collaboration partner   40,000
Net cash used in operating activities (79,285) (21,998)
Cash flows from investing activities    
Purchase of property and equipment (3,532) (90)
Change in restricted cash (2,382)  
Net cash used in investing activities (5,914) (90)
Cash flows from financing activities    
Proceeds from issuance of common stock in connection with employee benefit plans 2,829 453
Net cash provided by financing activities 2,829 453
Net increase (decrease) in cash and cash equivalents (82,370) (21,635)
Cash and cash equivalents at beginning of period 201,153 182,069
Cash and cash equivalents at end of period 118,783 160,434
Supplemental disclosure    
Income taxes paid 375  
Supplemental disclosure of noncash items    
Build-to-suit lease transaction $ 5,428  
Public offering issuance costs   $ 346