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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES      
Net loss $ (44,348) $ (27,236) $ (21,698)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization 293 249 132
Purchase net discount (premium) on marketable securities 907 9 (146)
Net (accretion of discount) amortization of premium on marketable securities (593) 75 101
Stock-based compensation 4,280 2,492 1,221
Research and development services settled with stock 107 15 110
Other, net (40) (21) (10)
Changes in operating assets and liabilities:      
Accounts receivable - grant 3,078 (1,863) 482
Prepaid expenses and other assets (261) (114) (924)
Accounts payable 239 164 (8)
Deferred revenue (20) (51) 71
Accrued and other liabilities 4,165 1,666 1,829
Net cash used in operating activities (32,193) (24,615) (18,840)
CASH FLOWS FROM INVESTING ACTIVITIES      
Purchases of property and equipment (422) (619) (212)
Purchases of marketable securities (62,179) (64,115) (20,390)
Proceeds from maturities of marketable securities 47,370 42,205 8,446
Decrease in restricted cash     80
Net cash used in investing activities (15,231) (22,529) (12,076)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from issuance of common stock in public and at-the-market offerings, net of offering costs 54,048 11,380 49,294
Proceeds from employee stock plan purchases and stock option exercises 3,020 833 76
Net cash provided by financing activities 57,068 12,213 49,370
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 9,644 (34,931) 18,454
CASH AND CASH EQUIVALENTS      
Beginning of period 12,817 47,748 29,294
End of period 22,461 12,817 47,748
Supplemental Disclosure of Non-Cash Investing and Financing Information:      
Unpaid amounts related to purchase of property and equipment $ 92 $ 57 172
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