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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenues:        
Royalty income $ 1,773 $ 1,367 $ 1,947 $ 2,102
Collaboration revenue 145 72 210 1,121
Other revenues 19 38 28 69
Total revenues 1,937 1,477 2,185 3,292
Expenses:        
Research and development 6,362 7,848 12,825 14,767
License fees - research and development 178 180 162 270
Royalty expense 178 147 220 229
General and administrative 5,998 3,856 9,591 7,261
Depreciation and amortization 129 133 261 277
Change in contingent consideration liability 800 400 1,100 900
Total expenses 13,645 12,564 24,159 23,704
Operating loss (11,708) (11,087) (21,974) (20,412)
Other income:        
Interest income 11 13 23 25
Total other income 11 13 23 25
Net loss before income tax benefit (11,697) (11,074) (21,951) (20,387)
Income tax benefit 0 1 0 1
Net loss $ (11,697) $ (11,073) $ (21,951) $ (20,386)
Net loss per share - basic and diluted $ (0.17) $ (0.16) $ (0.32) $ (0.31)
Weighted-average shares - basic and diluted 69,647 69,561 69,642 66,775