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Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Operating expenses:        
Research and development $ 15,174,000 $ 15,464,000 $ 32,593,000 $ 31,141,000
General and administrative 5,071,000 5,923,000 10,913,000 11,050,000
Total operating expenses 20,245,000 21,387,000 43,506,000 42,191,000
Loss from operations (20,245,000) (21,387,000) (43,506,000) (42,191,000)
Other (expense) income:        
Interest (expense) income, net (458,000) 446,000 (639,000) 951,000
Other income, net 140,000 0 606,000 0
Other (expense) income, net (318,000) 446,000 (33,000) 951,000
Loss before income taxes (20,563,000) (20,941,000) (43,539,000) (41,240,000)
Income tax expense (89,000) 0 (154,000) 0
Net loss $ (20,652,000) $ (20,941,000) $ (43,693,000) $ (41,240,000)
Net loss per share attributable to common stockholders, basic and diluted (in dollars per share) $ (0.63) $ (0.65) $ (1.35) $ (1.29)
Weighted-average number of common shares outstanding, basic and diluted (in shares) 32,634,468 32,041,401 32,442,259 31,983,558
Comprehensive loss:        
Net loss $ (20,652,000) $ (20,941,000) $ (43,693,000) $ (41,240,000)
Other comprehensive loss:        
Unrealized gain (loss) on investments, net of tax of $0 0 3,000 0 19,000
Comprehensive loss (20,652,000) (20,938,000) (43,693,000) (41,221,000)
Tax portion of unrealized loss on investments $ 0 $ 0 $ 0 $ 0