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Condensed Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Collaboration revenue $ 14,984 $ 0 $ 47,080 $ 0
Revenue—related party 137 167 275 338
Total revenue 15,121 167 47,355 338
Operating expenses:        
Research and development 8,615 8,147 17,957 14,104
General and administrative 4,937 3,212 9,810 6,393
Total operating expenses 13,552 11,359 27,767 20,497
Income (loss) from operations 1,569 (11,192) 19,588 (20,159)
Other income (expense):        
Interest income 16 14 35 36
Other income (expense), net 1 0 (34) 0
Total other income (expense) 17 14 1 36
Income (loss) before income taxes 1,586 (11,178) 19,589 (20,123)
Provision for income taxes 296 124 447 130
Net income (loss) $ 1,290 $ (11,302) $ 19,142 $ (20,253)
Net income (loss) per share attributable to holders of ordinary shares        
Basic (in dollars per share) $ 0.06 $ (0.64) $ 0.87 $ (1.15)
Diluted (in dollars per share) $ 0.06 $ (0.64) $ 0.83 $ (1.15)
Shares used to compute net income (loss) per share attributable to holders of ordinary shares        
Basic (in shares) 21,959 17,679 21,922 17,679
Diluted (in shares) 22,898 17,679 22,927 17,679