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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Revenues:    
License and milestone fees $ 18,730 $ 10,077
Non-cash royalty revenue related to the sale of future royalties 7,613 7,380
Research and development support 1,478 1,059
Clinical materials revenue 678 1,198
Total revenues 28,499 19,714
Operating Expenses:    
Research and development 32,888 36,094
General and administrative 8,119 11,235
Restructuring charges 386  
Total operating expenses 41,393 47,329
Loss from operations (12,894) (27,615)
Investment income, net 115 108
Non-cash interest expense on liability related to the sale of future royalties and convertible senior notes (3,575) (4,972)
Interest expense on convertible senior notes (1,125)  
Other income, net 134 551
Net loss $ (17,345) $ (31,928)
Basic and diluted net loss per common share (in dollar per share) $ (0.20) $ (0.37)
Basic and diluted weighted average common shares outstanding (in shares) 87,160 87,035
Total comprehensive loss $ (17,345) $ (31,928)