Fair Value of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2016

Fair Value of Financial Instruments

The following tables set forth the fair value of our financial instruments (in millions):

	As of September 30, 2016
	Level 1		Level 2		Level 3		Total
Financial liabilities:
Senior convertible notes	$	—	$	—	$	21.7	$	21.7
Facility financing obligation		—		—		74.9		74.9
Milestone rights		—		—		15.3		15.3
Sanofi Loan Facility		—		—		61.8		61.8
Warrant liability		—		—		4.9		4.9
Total financial liabilities	$	—	$	—	$	178.6	$	178.6
	As of December 31, 2015
	Level 1		Level 2		Level 3		Total
Financial liabilities:
Senior convertible notes	$	—	$	—	$	21.3	$	21.3
Facility financing obligation		—		—		78.4		78.4
Milestone rights		—		—		14.4		14.4
Sanofi Loan Facility		—		—		36.5		36.5
Total financial liabilities	$	—	$	—	$	150.6	$	150.6