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Condensed Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities:    
Net loss $ (53,225,000) $ (53,683,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Share-based compensation 4,950,000 4,771,000
Depreciation 104,000 1,000
Acquisition of in-process research and development 0 13,117,000
Changes in the fair value of the warrant liability 0 29,817,000
Unrealized currency translation 148,000 0
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (517,000) (38,000)
Deferred tax assets 208,000 0
Other assets (2,098,000) (100,000)
Accounts payable (1,975,000) 370,000
Income tax payable 561,000 1,000
Accrued expenses 2,569,000 1,043,000
Due to Roivant Sciences Ltd. and Roivant Sciences, Inc. (2,299,000) 4,014,000
Deferred rent 213,000 0
Net cash used in operating activities (51,361,000) (687,000)
Cash flows from investing activities:    
Purchases of furniture and equipment (157,000) 0
Net cash used in investing activities (157,000) 0
Cash flows from financing activities:    
Cash capital contribution from Roivant Sciences Ltd. 0 831,000
Stock option exercises 12,000 0
Deferred initial public offering costs 0 (71,000)
Net cash provided by financing activities 12,000 760,000
Net change in cash (51,506,000) 73,000
Cash—beginning of period 180,838,000 0
Cash—end of period 129,332,000 73,000
Non-cash investing and financing activities:    
Deferred initial public offering costs, unpaid 0 1,603,000
Acquisition of in-process research and development $ 0 $ 13,117,000