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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
shares in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenue:        
Revenue $ 15,008,000 $ 26,150,000 $ 34,870,000 $ 31,488,000
Costs and expenses:        
Research and development (1) 62,404,000 46,399,000 128,417,000 100,217,000
Selling, general and administrative (1) 24,780,000 22,227,000 51,105,000 47,413,000
Total costs and expenses 87,184,000 68,626,000 179,522,000 147,630,000
Loss from operations (72,176,000) (42,476,000) (144,652,000) (116,142,000)
Income from investment in TRC, LLC 21,381,000 8,366,000 34,896,000 14,595,000
Interest expense (11,391,000) (7,901,000) (21,332,000) (15,759,000)
Loss on extinguishment of debt     (15,464,000)  
Interest and other income (expense), net (662,000) 2,374,000 798,000 5,169,000
Loss before income taxes (62,848,000) (39,637,000) (145,754,000) (112,137,000)
Provision for income tax expense (39,000) (201,000) (186,000) (281,000)
Net loss (62,887,000) (39,838,000) (145,940,000) (112,418,000)
Net unrealized gain (loss) on available-for-sale investments (232,000) 165,000 135,000 295,000
Total comprehensive loss $ (63,119,000) $ (39,673,000) $ (145,805,000) $ (112,123,000)
Net loss per share:        
Basic and diluted net loss per share (in dollars per share) $ (1.00) $ (0.72) $ (2.39) $ (2.04)
Shares used to compute basic and diluted net loss per share (in shares) 62,861 55,529 61,162 55,235
Share-based compensation expense $ 16,585,000 $ 11,298,000 $ 31,861,000 $ 23,519,000
Research and development        
Net loss per share:        
Share-based compensation expense 8,098,000 5,720,000 15,963,000 11,880,000
Selling, general and administrative        
Net loss per share:        
Share-based compensation expense 8,487,000 5,578,000 15,898,000 11,639,000
Collaborative revenue        
Revenue:        
Revenue 5,488,000 7,493,000 12,120,000 12,831,000
Licensing revenue        
Revenue:        
Revenue   18,500,000 1,500,000 18,500,000
Mylan collaboration agreement        
Revenue:        
Revenue $ 9,520,000 $ 157,000 $ 21,250,000 $ 157,000