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Share-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2020
Share-Based Compensation  
Schedule of share option activity under the Plans

Weighted

Number of

Average

Shares

Fair Value

Outstanding as of December 31, 2019

 

8,491,734

$

7.68

Granted

 

1,956,670

$

11.66

Exercised

 

(1,080,425)

$

3.01

Forfeited

 

(684,599)

$

11.30

Outstanding as of June 30, 2020

 

8,683,380

$

8.88

Options exercisable as of June 30, 2020

 

3,068,290

$

8.56

Options unvested as of June 30, 2020

 

5,615,090

$

10.02

Schedule of stock option valuation assumptions presented on weighted-average basis

Three Months Ended

Six Months Ended

June 30, 

June 30, 

    

2020

    

2019

    

2020

    

2019

Risk-free interest rate

0.39

%  

2.16

%  

0.71

%  

2.48

%  

Expected term (in years)

5.99

5.97

 

6.18

6.18

 

Expected volatility

79.38

%  

78.88

%  

79.71

%  

78.35

%  

Expected dividend yield

%  

%  

%  

%  

Schedule of restricted share activity

Weighted

Average

Number of

Grant Date

Shares

Fair Value

Unvested RSUs as of December 31, 2019

328,296

$

12.93

Granted

5,211

$

17.79

Vested

$

Forfeited

(46,780)

$

12.93

Unvested RSUs as of June 30, 2020

286,727

$

13.01

Schedule of share-based compensation expense was classified in the consolidated statements of operations and comprehensive loss

Three Months Ended

Six Months Ended

June 30, 

June 30, 

    

2020

    

2019

    

2020

    

2019

Research and development expenses

$

2,189

$

1,504

$

3,958

$

2,691

General and administrative expenses

 

2,662

 

1,960

 

5,102

 

3,666

$

4,851

$

3,464

$

9,060

$

6,357