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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Revenues:      
Total revenues $ 132,299 $ 82,271 $ 53,446
Operating expenses:      
Research and development 114,592 114,522 174,456
General and administrative 38,600 38,489 36,746
Restructuring charge 1,487 21,433 3,693
Total operating expenses 154,679 174,444 214,895
Loss from operations (22,380) (92,173) (161,449)
Investment income, net 729 4,424 4,227
Non-cash interest expense on liability related to the sale of future royalties and convertible senior notes (23,107) (16,879) (10,631)
Interest expense on convertible senior notes (95) (95) (95)
Other income (expense), net 481 590 (895)
Net loss $ (44,372) $ (104,133) $ (168,843)
Basic and diluted net loss per common share $ (0.25) $ (0.70) $ (1.21)
Basic and diluted weighted average common shares outstanding 176,153 148,311 139,946
Total comprehensive loss $ (44,372) $ (104,133) $ (168,843)
License and milestone fees      
Revenues:      
Total revenues 63,742 34,788 15,280
Non-cash royalty revenue related to the sale of future royalties      
Revenues:      
Total revenues 68,529 47,415 32,154
Research and development support      
Revenues:      
Total revenues $ 28 $ 68 1,377
Clinical materials revenue      
Revenues:      
Total revenues     $ 4,635