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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended 94 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2019
Cash flows from operating activities:        
Net income (loss) $ (440,667,000) $ 681,313,000 $ (96,692,000)  
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:        
Non-cash royalty revenue related to sale of future royalties (36,303,000) (33,308,000) (30,531,000) $ (207,142,000)
Non-cash interest expense on liability related to sale of future royalties 25,044,000 21,196,000 18,869,000 166,693,000
Stock-based compensation 99,795,000 88,101,000 36,615,000  
Depreciation and amortization 13,156,000 10,870,000 14,741,000  
Impairment of equipment from terminated program 0 0 15,081,000  
Accretion of discounts, net, and other non-cash transactions (11,394,000) (10,952,000) (881,000)  
Changes in operating assets and liabilities:        
Accounts receivable 6,411,000 (25,505,000) 10,664,000  
Inventory (1,284,000) (655,000) 383,000  
Operating lease right-of-use assets, net of operating lease liabilities 13,090,000 0 0  
Other assets 1,190,000 (31,652,000) (4,800,000)  
Accounts payable 12,967,000 971,000 2,074,000  
Accrued compensation 1,530,000 1,674,000 (10,017,000)  
Other accrued expenses 3,816,000 27,947,000 7,277,000  
Deferred revenue (16,565,000) (15,331,000) (28,269,000)  
Other liabilities 533,000 3,545,000 (14,928,000)  
Net cash provided by (used in) operating activities (328,681,000) 718,214,000 (80,414,000)  
Cash flows from investing activities:        
Purchases of investments (1,380,865,000) (2,271,250,000) (404,425,000)  
Maturities of investments 1,614,036,000 890,957,000 347,743,000  
Sales of investments 0 11,963,000 37,549,000  
Purchases of property, plant and equipment (26,285,000) (14,239,000) (9,676,000)  
Sales of property and plant 0 2,633,000 0  
Net cash provided by (used in) investing activities 206,886,000 (1,379,936,000) (28,809,000)  
Cash flows from financing activities:        
Issuance of common stock to Bristol-Myers Squibb (Note 10) 0 790,231,000 0  
Proceeds from shares issued under equity compensation plans 23,355,000 61,735,000 59,522,000  
Payment of capital lease obligations 0 0 (5,131,000)  
Net cash provided by financing activities 23,355,000 851,966,000 54,391,000  
Effect of exchange rates on cash and cash equivalents (102,000) (101,000) (46,000)  
Net increase (decrease) in cash and cash equivalents (98,542,000) 190,143,000 (54,878,000)  
Cash and cash equivalents at beginning of year 194,905,000 4,762,000 59,640,000  
Cash and cash equivalents at end of year 96,363,000 194,905,000 4,762,000 $ 96,363,000
Supplemental disclosure of cash flow information:        
Cash paid for interest 19,199,000 19,471,000 20,116,000  
Cash paid for income taxes 555,000 618,000 556,000  
Right-of-use assets recognized in exchange for operating lease liabilities $ 57,691,000 $ 0 $ 0