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Consolidated Statements of Operations and Comprehensive Loss - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Revenue:      
Collaboration revenue - related party [1] $ 21,766    
Total revenue 21,766    
Operating expenses:      
Research and development expenses 81,989 $ 38,095 $ 10,718
General and administrative expenses 32,616 16,761 4,364
Total operating expenses 114,605 54,856 15,082
Loss from operations (92,839) (54,856) (15,082)
Other income (expense):      
Interest income 2,229 638  
Interest expense (969) (555) (209)
Revaluation of preferred stock warrant liability   (7) (1,418)
Total other income (expense), net 1,260 76 (1,627)
Net loss (91,579) (54,780) (16,709)
Accretion of convertible preferred stock to redemption value     (1,291)
Net loss attributable to common stockholders $ (91,579) $ (54,780) $ (18,000)
Net loss per share attributable to common stockholders, basic and diluted $ (2.30) $ (2.33) $ (2.67)
Weighted average common shares outstanding, basic and diluted 39,846,928 23,532,400 6,748,037
Other comprehensive income (loss):      
Unrealized gain (loss) on investments, net of tax of $0 $ (179) $ 30  
Total other comprehensive income (loss) (179) 30  
Comprehensive loss $ (91,758) $ (54,750) $ (18,000)
[1] In January 2016, the Company entered into a Collaboration and License Agreement with NHS for the development and commercialization of certain of its product candidates. In exchange for the license, NHS paid the Company an upfront cash payment of $120 million, which the Company received in February 2016 and is being recognized as revenue over the ten year performance period. During the quarter ended September 30, 2016, the Company received $10 million from NHS related to achievement of a milestone within this agreement, which was recognized in full as related party collaboration revenue during 2016.