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CONDENSED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenue:        
License revenue $ 0 $ 0 $ 0 $ 0
Expenses:        
Research and development 10,008,304 10,427,877 22,573,181 17,415,725
General and administrative 4,191,769 2,909,127 7,322,001 6,040,201
Total expenses 14,200,073 13,337,004 29,895,182 23,455,926
Loss before other income (loss) (14,200,073) (13,337,004) (29,895,182) (23,455,926)
Other income (loss):        
Interest income 46,455 89,377 103,029 160,015
Other income (loss), net 30,660 (3,243) 15,940 6,655
Gain (loss) on warrant derivative liability 2,435,865 (2,468,603) 564,570 12,234,301
Net loss $ (11,687,093) $ (15,719,473) $ (29,211,643) $ (11,054,955)
Basic and diluted net loss per share (in dollars per share) $ (0.21) $ (0.28) $ (0.52) $ (0.21)
Basic and diluted weighted-average shares outstanding (in shares) 55,726,432 55,676,766 55,724,581 53,010,556