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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (20,753) $ (16,215)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 183 96
Purchase discount (premium) on marketable securities, net 2 (146)
Amortization of premium on marketable securities, net 82 51
Stock-based compensation 1,794 963
Research and development services settled with convertible preferred stock 15 80
Other, net (15) (16)
Changes in operating assets and liabilities:    
Accounts receivable - grant (1,237) 126
Prepaid expenses and other assets 275 (1,261)
Accounts payable 447 347
Deferred revenue (21) 181
Accrued and other liabilities 486 1,309
Net cash used in operating activities (18,742) (14,485)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property and equipment (428) (91)
Purchases of marketable securities (62,115) (20,390)
Proceeds from maturities of marketable securities 35,170 5,766
Decrease in restricted cash   80
Net cash used in investing activities (27,373) (14,635)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from issuance of common stock in public offering, net of offering costs 11,380 49,294
Proceeds from employee stock plan purchases and stock option exercises 149 76
Net cash provided by financing activities 11,529 49,370
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (34,586) 20,250
CASH AND CASH EQUIVALENTS    
Beginning of period 47,748 29,294
End of period $ 13,162 49,544
Series A Convertible Preferred Stock    
Supplemental Disclosure of Non-Cash Investing and Financing Information:    
Conversion of convertible preferred stock to common stock upon initial public offering   13,573
Series B Convertible Preferred Stock    
Supplemental Disclosure of Non-Cash Investing and Financing Information:    
Conversion of convertible preferred stock to common stock upon initial public offering   $ 44,738