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STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Revenue:      
Licensing revenue $ 100,000 $ 100,000 $ 300,000
Expenses:      
Research and development 43,395,574 36,677,706 17,500,469
General and administrative 19,664,904 12,845,231 10,273,576
Depreciation and amortization 317,649 182,927 120,399
Total expenses 63,378,127 49,705,864 27,894,444
Loss before other income (loss) (63,278,127) (49,605,864) (27,594,444)
Other income (loss):      
Interest income 233,958 305,331 137,676
Other income, net 20,151 132,114 183,025
Gain (loss) on warrant liability 4,437,628 19,051,239 (20,210,094)
Loss before provision for income taxes (58,586,390) (30,117,180) (47,483,837)
Provision for income taxes (800) (800) (1,600)
Net loss $ (58,587,190) $ (30,117,980) $ (47,485,437)
Basic and diluted loss per share (in dollars per share) $ (0.97) $ (0.55) $ (1.44)
Basic and diluted weighted average shares outstanding (in shares) 60,483,151 54,371,151 32,891,202