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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenue:        
Product sales $ 4,448 $ 14,698 $ 24,897 $ 41,664
Royalty revenue 9,302 5,573 23,953 13,150
Non-cash royalty revenue related to sale of future royalties 8,066 7,692 21,367 22,341
License, collaboration and other revenue 131,112 8,373 142,028 50,829
Total revenue 152,928 36,336 212,245 127,984
Operating costs and expenses:        
Cost of goods sold 5,674 7,033 20,794 23,611
Research and development 65,714 51,951 187,032 153,569
General and administrative 12,055 10,253 40,027 31,515
Total operating costs and expenses 83,443 69,237 247,853 208,695
Income (loss) from operations 69,485 (32,901) (35,608) (80,711)
Non-operating income (expense):        
Interest expense (5,540) (5,614) (16,452) (16,918)
Non-cash interest expense on liability related to sale of future royalties (4,471) (4,902) (13,535) (14,929)
Interest income and other income (expense), net 1,599 332 3,163 1,666
Total non-operating expense, net (8,412) (10,184) (26,824) (30,181)
Income (loss) before provision for income taxes 61,073 (43,085) (62,432) (110,892)
Provision for income taxes 202 139 434 433
Net income (loss) $ 60,871 $ (43,224) $ (62,866) $ (111,325)
Net income (loss) per share:        
Basic $ 0.39 $ (0.32) $ (0.41) $ (0.82)
Diluted $ 0.37 $ (0.32) $ (0.41) $ (0.82)
Weighted average shares outstanding used in computing net income (loss) per share:        
Basic 156,411 137,094 155,153 136,415
Diluted 162,641 137,094 155,153 136,415