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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Operating Activities:    
Net loss $ (36,827) $ (29,123)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 1,207 618
Amortization of (discount) premium on marketable securities (1,656) 32
Stock-based compensation 6,564 4,751
Other 465  
Net changes in operating assets and liabilities:    
Interest receivable (322) (32)
Accounts receivable (1,634) 1,477
Prepaid expenses and other assets (3,564) (1,039)
Accounts payable and accrued liabilities 2,733 2,654
Accrued compensation and employee benefits (1,133) 24
Deferred revenues 138,474 64,346
Net cash provided by operating activities 104,307 43,708
Investing Activities:    
Purchases of marketable securities (451,240) (159,166)
Maturities of marketable securities 133,297 83,029
Purchases of property and equipment (5,768) (2,175)
Net cash used in investing activities (323,711) (78,312)
Financing Activities:    
Proceeds from public offering of common stock, net of issuance costs 215,756 81,562
Taxes paid related to net share settlement of equity awards (57) (7)
Proceeds from issuance of common stock 13,285 825
Net cash provided by financing activities 228,984 82,380
Net increase in cash, cash equivalents, and restricted cash 9,580 47,776
Cash, cash equivalents, and restricted cash, beginning of period 53,326 22,061
Cash, cash equivalents, and restricted cash, end of period 62,906 69,837
Property and Equipment [Member]    
Supplemental disclosure of noncash investing activities:    
Property and equipment included in accrued liabilities $ 1,836 $ 226