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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Operating activities:    
Net loss $ (17,846) $ (21,914)
Non-cash adjustments reconciling net loss to operating cash flows:    
Depreciation 45 58
Amortization of premium on investments (71) 14
Share-based compensation expense 1,766 3,038
Changes in operating assets and liabilities:    
Other current assets 704 843
Other long-term assets (710) 0
Accounts payable, accrued liabilities and other long-term liabilities (3,540) 1,009
Cash flows used for operating activities (18,232) (16,952)
Investing activities:    
Purchases of short-term investments (63,310) (21,797)
Disposal and maturities of short-term investments 22,100 21,530
Purchases of property and equipment 0 (45)
Cash flows used in investing activities (41,210) (312)
Financing activities:    
Proceeds from sale of common stock, net 66,816 0
Proceeds from exercise of common stock options and warrants 0 2,326
Cash flows provided by financing activities 66,816 2,326
Increase (decrease) in cash and cash equivalents 7,374 (14,938)
Cash and cash equivalents, beginning of period 22,383 49,493
Cash and cash equivalents, end of period 29,757 34,555
Supplemental disclosures of non-cash investing activities:    
Fixed asset additions included within accounts payable $ 54 $ 0