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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities:    
Net loss $ (36,604) $ (15,849)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation expense 80 57
Stock-based compensation expense 4,194 243
Non-cash charges related to Vixen acquisition 2,784  
Changes in operating assets and liabilities:    
Prepaid expenses and other assets 110 (764)
Accounts payable 915 (491)
Accrued expenses 1,990 572
Net cash used in operating activities (26,531) (16,232)
Cash flows from investing activities:    
Purchases of property and equipment (170) (375)
Purchases of marketable securities (33,747) (13,002)
Proceeds from sales and maturities of marketable securities 49,832 5,914
Net cash provided by (used in) investing activities 15,915 (7,463)
Cash flows from financing activities:    
Proceeds from issuance of common stock in connection with private placement, net of issuance costs 18,547  
Proceeds from issuance of convertible preferred stock, net of issuance costs   39,864
Proceeds from the exercise of employee stock options 14  
Payment of deferred offering costs   (1,507)
Net cash provided by financing activities 18,561 38,357
Net increase in cash and cash equivalents 7,945 14,662
Cash and cash equivalents at beginning of period 9,851 10,757
Cash and cash equivalents at end of period 17,796 25,419
Supplemental disclosures of non-cash investing and financing activities:    
Additions to property and equipment included in accounts payable 13 19
Accretion of convertible preferred stock to redemption value   1,764
Fair value of stock issued in connection with Vixen acquisition on date of issuance $ 2,355  
Deferred offering costs included in accounts payable   $ 436