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Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Revenue:      
Collaboration revenue (note 9) $ 1,767 $ 15,573 $ 28,366
Royalties 36 4 4
Revenues 1,803 15,577 28,370
Operating expenses:      
Research and development 19,828 15,152 11,768
General and administrative 6,792 9,786 5,496
Total operating expenses 26,620 24,938 17,264
Income (loss) from operations (24,817) (9,361) 11,106
Other income (expense):      
Interest income 504 542 568
Foreign exchange gain (loss) 1,316 (6,933) 1,344
Net income (loss) $ (22,997) $ (15,752) $ 13,018
Net income (loss) per common share (note 3m):      
Basic $ (1.48) $ (1.10) $ 4.11
Diluted $ (1.48) $ (1.10) $ 3.28
Weighted-average common shares outstanding (note 3m):      
Basic 15,493,474 14,281,837 3,165,572
Effects of dilutive securities      
Stock options     798,225
Diluted 15,493,474 14,281,837 3,963,797
Other comprehensive income (loss):      
Foreign currency translation adjustment     $ (3,501)
Comprehensive income (loss) $ (22,997) $ (15,752) $ 9,517