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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (UNAUDITED) - USD ($)
shares in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenues:    
Total revenues $ 13,287,000 $ 8,584,000
Operating expenses:    
Research and development 27,408,000 38,893,000
General and administrative 8,864,000 10,778,000
Restructuring charge 825,000 559,000
Total operating expenses 37,097,000 50,230,000
Loss from operations (23,810,000) (41,646,000)
Investment income, net 646,000 1,422,000
Non-cash interest expense on liability related to the sale of future royalties and convertible senior notes (5,702,000) (3,432,000)
Interest expense on convertible senior notes (24,000) (24,000)
Other expense, net (198,000) (71,000)
Net loss $ (29,088,000) $ (43,751,000)
Basic and diluted net loss per common share (in dollar per share) $ (0.17) $ (0.30)
Basic and diluted weighted average common shares outstanding (in shares) 166,947 147,813
Total comprehensive loss $ (29,088,000) $ (43,751,000)
License and milestone fees    
Revenues:    
Total revenues 283,000 79,000
Non-cash royalty revenue related to the sale of future royalties    
Revenues:    
Total revenues 12,997,000 8,488,000
Research and development support    
Revenues:    
Total revenues $ 7,000 $ 17,000