Shareholders' Equity

3 Months Ended

Jun. 30, 2017

Equity [Abstract]

Shareholders' Equity

Shareholders’ Equity

Warrant Liability:

During the three months ended June 30, 2017, the Company issued 4,432 common shares to Takeda upon the automatic exercise of a warrant issued to Takeda, which was initiated by the grant of options to its employees and directors to purchase 32,500 common shares in April 2017. This warrant expired on April 30, 2017.

During the three months ended June 30, 2016, no common shares were issued to Takeda under the warrant.