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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Revenue:        
Research and development revenue under collaborative agreements $ 43,798 $ 23,258 $ 119,975 $ 102,543
Licensing and royalty revenue 265 327 9,325 2,493
Total revenue 44,063 23,585 129,300 105,036
Expenses:        
Research, development and patent expenses 61,086 45,660 173,798 126,603
General and administrative 4,470 3,430 13,313 10,241
Total operating expenses 65,556 49,090 187,111 136,844
Loss from operations (21,493) (25,505) (57,811) (31,808)
Other income (expense):        
Investment income 675 434 2,003 1,400
Interest expense (4,998) (4,867) (14,902) (14,470)
Gain on investments, net 538 175 675 2,073
Loss before income tax (expense) benefit (25,278) (29,763) (70,035) (42,805)
Income tax (expense) benefit (1,398) 5,193 (2) 6,437
Net loss $ (26,676) $ (24,570) $ (70,037) $ (36,368)
Basic and diluted net loss per share (in dollars per share) $ (0.23) $ (0.21) $ (0.60) $ (0.33)
Shares used in computing basic and diluted net loss per share 117,811 115,263 117,511 108,608