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CONDENSED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Revenue:        
License revenue $ 0 $ 0 $ 0 $ 0
Expenses:        
Research and development 8,470,592 10,637,963 31,043,741 28,054,935
General and administrative 2,188,656 2,412,848 9,510,657 8,453,048
Total expenses 10,659,248 13,050,811 40,554,398 36,507,983
Loss before other income (10,659,248) (13,050,811) (40,554,398) (36,507,983)
Other income:        
Interest income 68,678 78,735 171,707 238,750
Other income, net 2,040 20,779 17,948 28,680
Gain on warrant derivative liability 3,515,178 7,326,049 4,079,748 19,560,350
Net loss $ (7,073,352) $ (5,625,248) $ (36,284,995) $ (16,680,203)
Basic and diluted net loss per share (in dollars per share) $ (0.11) $ (0.10) $ (0.62) $ (0.31)
Basic and diluted weighted-average shares outstanding (in shares) 63,848,208 55,703,715 58,462,214 53,918,141