XML 16 R4.htm IDEA: XBRL DOCUMENT v3.4.0.3
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Revenue:    
Research and development revenue under collaborative agreements $ 35,214 $ 61,892
Licensing and royalty revenue 1,660 691
Total revenue 36,874 62,583
Expenses:    
Research, development and patent expenses 80,964 64,447
General and administrative 10,562 7,466
Total operating expenses 91,526 71,913
Loss from operations (54,652) (9,330)
Other income (expense):    
Investment income 1,457 845
Interest expense (9,490) (9,021)
Loss before income tax benefit (62,685) (17,506)
Income tax (expense) benefit (232) 789
Net loss $ (62,917) $ (16,717)
Basic and diluted net loss per share (in dollars per share) $ (0.52) $ (0.14)
Shares used in computing basic and diluted net loss per share (in shares) 120,598 118,948