XML 23 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues:        
License and milestone fees $ 31,080 $ 76 $ 49,810 $ 10,153
Non-cash royalty revenue related to the sale of future royalties 6,439 5,944 14,052 13,324
Research and development support 902 1,335 2,380 2,394
Clinical materials revenue 599 53 1,277 1,251
Total revenues 39,020 7,408 67,519 27,122
Operating Expenses:        
Research and development 35,319 38,652 68,207 74,746
General and administrative 8,836 9,298 16,955 20,533
Restructuring charges     386  
Total operating expenses 44,155 47,950 85,548 95,279
Loss from operations (5,135) (40,542) (18,029) (68,157)
Investment income, net 143 106 258 214
Non-cash interest expense on liability related to the sale of future royalties and convertible senior notes (3,501) (4,956) (7,076) (9,928)
Interest expense on convertible senior notes (1,125) (138) (2,250) (138)
Other income, net 751 (392) 885 159
Net loss $ (8,867) $ (45,922) $ (26,212) $ (77,850)
Basic and diluted net loss per common share (in dollar per share) $ (0.10) $ (0.53) $ (0.30) $ (0.89)
Basic and diluted weighted average common shares outstanding (in shares) 87,174 87,062 87,167 87,029
Total comprehensive loss $ (8,867) $ (45,922) $ (26,212) $ (77,850)