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Statements of Operations and Comprehensive Income (Loss) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Revenue:        
Collaboration revenue (note 10) $ 4,293 $ 13,192 $ 12,347 $ 23,489
Royalties 1 1 3 3
Revenues 4,294 13,193 12,350 23,492
Operating expenses:        
Research and development 3,793 3,216 10,889 8,315
General and administrative 1,321 1,316 8,219 4,106
Total operating expenses 5,114 4,532 19,108 12,421
Income (loss) from operations (820) 8,661 (6,758) 11,071
Other income (expense):        
Interest income 130 138 445 416
Foreign exchange gain (loss) (3,137) 392 (5,502) 307
Net income (loss) (3,827) 9,191 (11,815) 11,794
Net income attributable to participating securities   5,596   8,199
Net income (loss) attributable to common shareholders $ (3,827) $ 3,595 $ (11,815) $ 3,595
Net income (loss) per common share (note 5):        
Basic $ (0.27) $ 2.67 $ (0.83) $ 2.67
Diluted $ (0.27) $ 1.69 $ (0.83) $ 1.71
Weighted-average shares outstanding (note 5):        
Basic 14,298,612 1,348,417 14,251,006 1,346,989
Effects of dilutive securities        
Stock options   763,949   749,967
Subscription rights   10,400   11,447
Diluted 14,298,612 2,122,766 14,251,006 2,108,403
Other comprehensive income (loss):        
Foreign currency translation adjustment   $ (1,512)   $ (1,502)
Comprehensive income (loss) $ (3,827) $ 7,679 $ (11,815) $ 10,292