XML 76 R63.htm IDEA: XBRL DOCUMENT v3.8.0.1
Quarterly Financial Information (Unaudited) (Details) - USD ($)
$ / shares in Units, $ in Thousands
1 Months Ended 3 Months Ended 6 Months Ended 12 Months Ended
Dec. 31, 2016
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2016
Sep. 30, 2016
Jun. 30, 2016
Mar. 31, 2016
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Dec. 31, 2014
Sep. 30, 2014
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2017
Dec. 31, 2016
Jun. 30, 2016
Jun. 30, 2015
Revenues:                                          
License and milestone fees   $ 29,580 $ 79 $ 31,080 $ 18,730 $ 5,076 $ 76 $ 76 $ 10,077 $ 10,692 $ 6,070 $ 5,086 $ 5,078 $ 41,417 $ 6,234 $ 5,152 $ 16,762 $ 79,469 $ 15,305 $ 26,915 $ 57,815
Royalty revenue                   195     5,099 4,625 4,166   195     195 13,867
Royalty revenue (reversed)                       (23)                  
Non-cash royalty revenue related to the sale of future royalties   7,587 6,503 6,439 7,613 6,710 6,184 5,944 7,380 6,291 5,684 5,484       12,894 11,975 28,142 26,218 25,299 5,484
Research and development support   452 650 902 1,478 1,427 1,354 1,335 1,059 848 772 708 532 832 776 2,781 1,620 3,482 5,175 4,014 2,848
Clinical materials revenue   1,829 1,248 599 678 633 46 53 1,198 3 2,325 1,356 718 1,426 2,027 679 2,328 4,354 1,930 3,579 5,527
Total revenues   39,448 8,480 39,020 28,499 13,846 7,660 7,408 19,714 18,029 14,851 12,611 11,427 48,300 13,203 21,506 32,880 115,447 48,628 60,002 85,541
Expenses:                                          
Research and development   39,843 31,689 35,319 32,888 33,657 32,909 38,652 36,094 38,199 35,132 30,437 25,666 27,647 28,018 66,566 73,331 139,739 141,312 148,077 111,768
General and administrative   9,048 7,908 8,836 8,119 8,536 9,459 9,298 11,235 8,054 8,329 7,261 7,000 6,872 7,095 17,995 16,383 33,911 38,528 36,916 28,228
Restructuring charge $ 273 393     386 301 4,130                 4,431   779 4,431    
Total operating expenses   49,284 39,597 44,155 41,393 42,494 46,498 47,950 47,329 46,253 43,461 37,698 32,666 34,519 35,113 88,992 89,714 174,429 184,271 184,993 139,996
Loss from operations   (9,836) (31,117) (5,135) (12,894) (28,648) (38,838) (40,542) (27,615) (28,224) (28,610) (25,087) (21,239) 13,781 (21,910) (67,486) (56,834) (58,982) (135,643) (124,991) (54,455)
Non-cash interest expense on liability related to the sale of future royalties and convertible senior notes   (3,221) (3,385) (3,501) (3,575) (3,647) (5,018) (4,956) (4,972) (5,059) (5,143) (5,437)       (8,665) (10,202) (13,682) (18,593) (20,130) (5,437)
Interest expense on convertible senior notes   (28) (762) (1,125) (1,125) (1,099) (1,150)                 (2,249)   (3,040) (2,387) (138)  
Non-cash debt conversion expense   (724) (22,191)                             (22,915)      
Other (expense) income, net   691 773 894 249 (758) 275 (424) 659 56 13 50 (379) (146) (372)            
Net loss   $ (13,118) $ (56,682) $ (8,867) $ (17,345) $ (34,152) $ (44,731) $ (45,922) $ (31,928) $ (33,227) $ (33,740) $ (30,474) $ (21,618) $ 13,635 $ (22,282) $ (78,883) $ (66,967) $ (96,012) $ (156,733) $ (144,817) $ (60,739)
Basic and diluted net (loss) income per common share (in dollars per share)   $ (0.11) $ (0.61) $ (0.10) $ (0.20) $ (0.39) $ (0.51) $ (0.53) $ (0.37) $ (0.38) $ (0.39) $ (0.35) $ (0.25) $ 0.16 $ (0.26) $ (0.91) $ (0.77) $ (0.98) $ (1.80) $ (1.67) $ (0.71)