Property and Equipment

12 Months Ended

Dec. 31, 2016

Property and Equipment

Property and Equipment

7. Property and Equipment

        Property and equipment consists of the following:

	December 31,
(In thousands)	2016			2015
Computer equipment	$	1,434		$	1,434
Software		3,432			3,776
Furniture and fixtures		3,657			3,656
Laboratory equipment		26,315			25,603
Leasehold improvements		17,866			17,639
Subtotal		52,704			52,108
Less: accumulated depreciation		(44,244	)		(42,235	)
Property and equipment, net	$	8,460		$	9,873

        For the years ended December 31, 2016, 2015 and 2014, depreciation expense for property and equipment was $2.2 million, $2.5 million and $2.7 million, respectively.