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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities:    
Net loss $ (45,589) $ (36,604)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 221 80
Stock-based compensation expense 10,130 4,194
Non-cash charges related to Vixen acquisition   2,784
Changes in operating assets and liabilities:    
Prepaid expenses and other assets (4,331) 110
Accounts payable 3,130 915
Accrued expenses (14) 1,990
Net cash used in operating activities (36,453) (26,531)
Cash flows from investing activities:    
Purchases of property and equipment (658) (170)
Acquisition of Confluence, net of cash acquired (9,647)  
Purchases of marketable securities (120,496) (33,747)
Proceeds from sales and maturities of marketable securities 96,674 49,832
Net cash provided by investing activities (34,127) 15,915
Cash flows from financing activities    
Proceeds from issuance of common stock in connection with private placement, net of issuance costs   18,547
Proceeds from sale of stock, net of issuance costs 19,311  
Proceeds from issuance of common stock in connection with public offering, net of issuance costs 80,918  
Proceeds from the exercise of employee stock options 235 14
Net cash provided by financing activities 100,464 18,561
Net increase in cash and cash equivalents 29,884 7,945
Cash and cash equivalents at beginning of period 30,171 9,851
Cash and cash equivalents at end of period 60,055 17,796
Supplemental disclosures of non-cash investing and financing activities:    
Additions to property and equipment included in accounts payable 20 13
Fair value of stock issued in connection with acquisition 9,675 $ 2,355
Offering costs included in accounts payable $ 107