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Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Condensed Consolidated Statements of Operations and Comprehensive Loss        
Collaboration revenue $ 2,094 $ 1,148 $ 5,611 $ 3,790
Operating expenses:        
Research and development 16,632 19,561 47,991 48,933
General and administrative 6,609 4,942 25,554 14,372
Total operating expenses 23,241 24,503 73,545 63,305
Operating loss (21,147) (23,355) (67,934) (59,515)
Other income        
Interest income, net 942 291 2,399 799
Other expense, net (84) (282) (402) (184)
Total other income 858 9 1,997 615
Loss before income taxes (20,289) (23,346) (65,937) (58,900)
Income tax benefit     180 31
Net loss (20,289) (23,346) (65,757) (58,869)
Other comprehensive (loss) income        
Unrealized (loss) gain on available-for-sale-securities, net of income tax benefit of $53 for the three months ended September 30, 2017 (49) (485) 108 (403)
Total other comprehensive (loss) income (49) (485) 108 (403)
Comprehensive loss $ (20,338) $ (23,831) $ (65,649) $ (59,272)
Net loss per share, basic and diluted $ (0.63) $ (0.89) $ (2.06) $ (2.27)
Weighted-average common shares outstanding, basic and diluted 32,191,475 26,164,527 31,977,670 25,968,849