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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
Operating expenses:        
Research and development $ 47,362 $ 34,996 $ 151,993 $ 66,755
General and administrative 7,574 4,571 24,495 12,527
Total operating expenses 54,936 39,567 176,488 79,282
Loss from operations (54,936) (39,567) (176,488) (79,282)
Other income (expense):        
Interest expense (12) (239) (33) (906)
Non-cash interest expense on liability related to sale of future royalties (5,633) 0 (6,134) 0
Change in fair value of warrant liability 0 (2,426) (1,182) (5,509)
Change in fair value of derivative liability 0 0 0 512
Change in fair value of contingent equity liability 0 0 0 (13,082)
Loss from equity method investment (697) (638) (2,066) (1,204)
Other (2) 10 4 10
Total other expense, net (6,344) (3,293) (9,411) (20,179)
Loss before provision for income taxes (61,280) (42,860) (185,899) (99,461)
Provision for income taxes 161 55 273 647
Net loss and comprehensive loss (61,441) (42,915) (186,172) (100,108)
Accretion of beneficial conversion feature on Series A preferred shares 0 0 0 (12,006)
Net loss attributable to common shareholders of Biohaven Pharmaceutical Holding Company Ltd. $ (61,441) $ (42,915) $ (186,172) $ (112,114)
Net loss per share attributable to common shareholders of Biohaven Pharmaceutical Holding Company Ltd. — basic and diluted (in dollars per share) $ (1.53) $ (1.19) $ (4.82) $ (4.47)
Weighted average common shares outstanding - basic and diluted (shares) 40,147,735 35,930,698 38,636,072 25,102,920