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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Operating activities:    
Net loss $ (22,639) $ (16,993)
Items not involving cash:    
Depreciation and amortization 502 698
Stock-based compensation 1,643 1,642
Unrealized foreign exchange gain (1,585) (2,011)
Changes in operating assets and liabilities:    
Accounts receivable 77 (272)
Prepaid expenses, and other current assets 243 636
Prepaid expenses, long term 190 615
Accounts payable and accrued expenses (319) 945
Deferred revenue   (157)
Net cash used in operating activities (21,888) (14,897)
Investing activities:    
Purchases of property, plant and equipment (252) (251)
Purchase of marketable securities (22,281) (15,365)
Proceeds from marketable securities 41,024  
Net cash provided by (used in) investing activities 18,491 (15,616)
Financing activities:    
Issuance of common shares pursuant to exercise of stock options 177 84
Issuance of common shares, net of issuance costs (note 7a)   23,832
Net cash provided by financing activities 177 23,916
Effect of exchange rate changes on cash and cash equivalents 813 2,081
Decrease in cash and cash equivalents (2,407) (4,516)
Cash and cash equivalents, beginning of period 17,095 58,651
Cash and cash equivalents, end of period 14,688 54,135
Supplemental disclosures:    
Interest received 544 261
Supplemental disclosures of non-cash transactions:    
Fair value of options exercised on a cashless basis $ 25 $ 168