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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Operating Activities:      
Net loss $ (40,703) $ (26,417) $ (26,624)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization 988 549 569
Amortization of premium on marketable securities 827 1,098 912
Stock-based compensation 11,730 9,200 6,146
Change in fair value of contingent consideration liability (1,800) 230 60
Intangible impairment 1,870    
Benefit from income taxes (5,722)    
Net changes in operating assets and liabilities:      
Interest receivable 116 (85) (148)
Accounts receivable 7,847 (7,213) 1,008
Prepaid expenses and other assets 376 (258) (480)
Accounts payable and accrued liabilities (764) 4,324 544
Accrued compensation and employee benefits (105) (341) 721
Deferred revenues (8,380) 13,238 (2,190)
Net cash used in operating activities (33,720) (5,675) (19,482)
Investing Activities:      
Purchases of marketable securities (257,988) (227,802) (118,894)
Maturities of marketable securities 337,861 127,765 51,129
Acquisition of Ceregene, Inc., net of cash received     79
Purchases of property and equipment (2,411) (621) (432)
Net cash provided by / (used in) investing activities 77,462 (100,658) (68,118)
Financing Activities:      
Proceeds from public offering of common stock, net of issuance costs   93,796 69,492
Taxes paid related to net share settlement of equity awards (1,546) (4,556) (2,015)
Proceeds from issuance of common stock 6,804 12,937 8,630
Claims settlement under Section 16(b) 14,452    
Net cash provided by financing activities 19,710 102,177 76,107
Net increase / (decrease) in cash and cash equivalents 63,452 (4,156) (11,493)
Cash and cash equivalents, beginning of period 6,030 10,186 21,679
Cash and cash equivalents, end of period $ 69,482 $ 6,030 10,186
Supplemental disclosure of noncash investing activities:      
Fair value of shares of common stock issued pursuant to the acquisition of Ceregene Inc.     $ 1,200