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Quarterly Financial Data (unaudited) (Tables)
12 Months Ended
Dec. 31, 2017
Quarterly Financial Data [Abstract]  
Summary of Unaudited Quarterly Financial Information

The following table presents certain unaudited quarterly financial information. This information has been prepared on the same basis as the audited financial statements and includes all adjustments (consisting only of normal recurring adjustments) necessary to present fairly the unaudited quarterly results of operations set forth herein (in thousands, except share and per share data):

 

 

 

2017

 

 

 

March 31,

 

 

June 30,

 

 

September 30,

 

 

December 31,

 

Revenue

 

$

 

 

$

 

 

$

198

 

 

$

2,414

 

Operating expenses

 

 

69,954

 

 

 

78,441

 

 

 

83,911

 

 

 

99,248

 

Net loss

 

 

(68,290

)

 

 

(72,891

)

 

 

(79,227

)

 

 

(81,731

)

Net loss per share, basic and diluted

 

$

(1.63

)

 

$

(1.72

)

 

$

(1.87

)

 

$

(1.89

)

 

 

 

2016

 

 

 

March 31,

 

 

June 30,

 

 

September 30,

 

 

December 31,

 

Revenue

 

$

 

 

$

17

 

 

$

111

 

 

$

5

 

Operating expenses

 

 

53,622

 

 

 

58,070

 

 

 

65,894

 

 

 

70,554

 

Net loss

 

 

(52,757

)

 

 

(56,923

)

 

 

(64,907

)

 

 

(71,287

)

Net loss per share, basic and diluted

 

$

(1.35

)

 

$

(1.46

)

 

$

(1.64

)

 

$

(1.75

)