XML 15 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenues:        
License and milestone fees $ 1,321 $ 31,080 $ 12,861 $ 49,810
Non-cash royalty revenue related to the sale of future royalties 7,242 6,439 14,432 14,052
Research and development support 388 902 771 2,380
Clinical materials revenue 336 599 1,038 1,277
Total revenues 9,287 39,020 29,102 67,519
Operating Expenses:        
Research and development 38,701 35,319 83,532 68,207
General and administrative 8,652 8,836 18,647 16,955
Restructuring charge 686   2,417 386
Total operating expenses 48,039 44,155 104,596 85,548
Loss from operations (38,752) (5,135) (75,494) (18,029)
Investment income, net 814 143 1,476 258
Non-cash interest expense on liability related to the sale of future royalties and convertible senior notes (2,611) (3,501) (5,657) (7,076)
Interest expense on convertible senior notes (23) (1,125) (47) (2,250)
Other (expense) income, net (1,052) 751 (515) 885
Net loss $ (41,624) $ (8,867) $ (80,237) $ (26,212)
Basic and diluted net loss per common share (in dollar per share) $ (0.31) $ (0.10) $ (0.61) $ (0.30)
Basic and diluted weighted average common shares outstanding (in shares) 134,384 87,174 132,512 87,167
Total comprehensive loss $ (41,624) $ (8,867) $ (80,237) $ (26,212)