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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues:        
Total revenues $ 15,025 $ 15,542 $ 28,312 $ 24,126
Operating expenses:        
Research and development 22,921 28,559 50,329 67,452
General and administrative 9,767 8,700 18,631 19,478
Restructuring charge 699 19,342 1,524 19,901
Total operating expenses 33,387 56,601 70,484 106,831
Loss from operations (18,362) (41,059) (42,172) (82,705)
Investment income, net 62 1,287 708 2,709
Non-cash interest expense on liability related to the sale of future royalties and convertible senior notes (6,081) (3,818) (11,783) (7,250)
Interest expense on convertible senior notes (23) (23) (47) (47)
Other income (expense), net 106 167 (92) 96
Net loss $ (24,298) $ (43,446) $ (53,386) $ (87,197)
Basic and diluted net loss per common share (in dollar per share) $ (0.14) $ (0.29) $ (0.31) $ (0.59)
Basic and diluted weighted average common shares outstanding (in shares) 174,354 148,129 171,055 147,972
Total comprehensive loss $ (24,298) $ (43,446) $ (53,386) $ (87,197)
License and milestone fees        
Revenues:        
Total revenues 945 5,079 1,228 5,158
Non-cash royalty revenue related to the sale of future royalties        
Revenues:        
Total revenues 14,075 10,412 27,072 18,900
Research and development support        
Revenues:        
Total revenues $ 5 $ 51 $ 12 $ 68