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Statements of Operations and Comprehensive Income (Loss) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Revenue:      
Collaboration revenue (note 9) $ 15,573 $ 28,366 $ 27,352
Royalties 4 4 4
Revenues 15,577 28,370 27,356
Operating expenses:      
Research and development 15,152 11,768 12,303
General and administrative 9,786 5,496 5,341
Total operating expenses 24,938 17,264 17,644
Income (loss) from operations (9,361) 11,106 9,712
Other income (expense):      
Interest income 542 568 338
Interest expense     (64)
Foreign exchange gain (loss) (6,933) 1,344 2,035
Gain on write-off and disposal of assets     11
Net income (loss) (15,752) 13,018 12,032
Net income attributable to participating securities     8,199
Net income (loss) attributable to common shareholders $ (15,752) $ 13,018 $ 3,833
Net income (loss) per common share (note 3m):      
Basic $ (1.10) $ 4.11 $ 2.87
Diluted $ (1.10) $ 3.28 $ 1.91
Weighted-average shares outstanding (note 3m):      
Basic 14,281,837 3,165,572 1,337,662
Effects of dilutive securities      
Stock options   798,225 659,167
Subscription rights     12,277
Diluted 14,281,837 3,963,797 2,009,106
Other comprehensive income (loss):      
Foreign currency translation adjustment   $ (3,501) $ (1,236)
Comprehensive income (loss) $ (15,752) $ 9,517 $ 10,796