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Stub Period Comparative Data (Unaudited)
12 Months Ended
Dec. 31, 2017
Stub Period Comparative Data (Unaudited)  
Stub Period Comparative Data

M. Stub Period Comparative Data (Unaudited)

 

The unaudited, condensed consolidated statements of earnings for the year ended December 31, 2016 and the six months ended December 31, 2015 is as follows:

 

 

 

 

 

 

 

 

Year Ended

 

Six Months Ended

 

 

December 31,

 

December 31,

 

 

2016

 

2015

    

 

 

    

 

 

    

    

Revenues:

 

 

 

 

 

 

License and milestone fees

$

15,305

 

$

16,762

 

Royalty revenue

 

 —

 

 

195

 

Non-cash royalty revenue related to the sale of future royalties

 

26,218

 

 

11,975

 

Research and development support

 

5,175

 

 

1,620

 

Clinical materials revenue

 

1,930

 

 

2,328

 

Total revenues

 

48,628

 

 

32,880

 

Operating Expenses:

 

 

 

 

 

 

Research and development

 

141,312

 

 

73,331

 

General and administrative

 

38,528

 

 

16,383

 

Restructuring charge

 

4,431

 

 

 —

 

Total operating expenses

 

184,271

 

 

89,714

 

Loss from operations

 

(135,643)

 

 

(56,834)

 

Investment income, net

 

473

 

 

111

 

Non-cash interest expense on liability related to the sale of future royalties and convertible senior notes

 

(18,593)

 

 

(10,202)

 

Interest expense on convertible senior notes

 

(2,387)

 

 

 —

 

Other expense, net

 

(583)

 

 

(42)

 

Net loss

$

(156,733)

 

$

(66,967)

 

Basic and diluted net loss per common share

$

(1.80)

 

$

(0.77)