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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Revenue:      
Government contracts $ 2,184 $ 33,344 $ 26,213
Research and development collaborations 13,169 2,906 4,446
Total revenue 15,353 36,250 30,659
Expenses:      
Research and development 237,939 162,644 94,422
General and administrative 46,527 30,842 19,928
Total expenses 284,466 193,486 114,350
Loss from operations (269,113) (157,236) (83,691)
Other income (expense):      
Investment income 2,143 660 286
Interest expense (12,965) (241) (157)
Other income (31) (120) 0
Realized gains on marketable securities 0 0 615
Net loss $ (279,966) $ (156,937) $ (82,947)
Basic and diluted net loss per share $ (1.03) $ (0.60) $ (0.37)
Basic and diluted weighted average number of common shares outstanding 270,802 262,248 225,848