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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
shares in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenues:      
Total revenues $ 82,271,000 $ 53,446,000 $ 115,447,000
Operating expenses:      
Research and development 114,522,000 174,456,000 139,739,000
General and administrative 38,489,000 36,746,000 33,911,000
Restructuring charge 21,433,000 3,693,000 779,000
Total operating expenses 174,444,000 214,895,000 174,429,000
Loss from operations (92,173,000) (161,449,000) (58,982,000)
Investment income, net 4,424,000 4,227,000 1,146,000
Non-cash interest expense on liability related to the sale of future royalties and convertible senior notes (16,879,000) (10,631,000) (13,682,000)
Interest expense on convertible senior notes (95,000) (95,000) (3,040,000)
Non-cash debt conversion expense     (22,915,000)
Other income (expense), net 590,000 (895,000) 1,461,000
Net loss $ (104,133,000) $ (168,843,000) $ (96,012,000)
Basic and diluted net loss per common share (in dollar per share) $ (0.70) $ (1.21) $ (0.98)
Basic and diluted weighted average common shares outstanding (in shares) 148,311 139,946 98,068
Total comprehensive loss $ (104,133,000) $ (168,843,000) $ (96,012,000)
License and milestone fees      
Revenues:      
Total revenues 34,788,000 15,280,000 79,469,000
Non-cash royalty revenue related to the sale of future royalties      
Revenues:      
Total revenues 47,415,000 32,154,000 28,142,000
Research and development support      
Revenues:      
Total revenues $ 68,000 1,377,000 3,482,000
Clinical materials revenue      
Revenues:      
Total revenues   $ 4,635,000 $ 4,354,000