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Condensed Consolidated Statements of Operations - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
License revenue $ 38,096 $ 38,096 $ 114,286 $ 114,286
Research and development:        
Noncash stock expense associated with in-licensing agreements 0 4,138,844 0 5,350,094
Noncash compensation 35,756 1,200,575 2,733,110 6,402,296
Other research and development 11,538,246 8,352,154 29,719,891 13,197,183
Total research and development 11,574,002 13,691,573 32,453,001 24,949,573
General and administrative:        
Noncash compensation 1,204,278 2,895,997 10,106,938 9,664,560
Other general and administrative 1,085,400 889,872 3,094,362 2,500,121
Total general and administrative 2,289,678 3,785,869 13,201,300 12,164,681
Total costs and expenses 13,863,680 17,477,442 45,654,301 37,114,254
Operating loss (13,825,584) (17,439,346) (45,540,015) (36,999,968)
Other (income) expense:        
Interest income (55,977) (12,107) (109,660) (38,308)
Other income 0 0 0 (95,427)
Interest expense 246,527 234,787 730,710 695,914
Change in fair value of notes payable (360,218) (210,857) (824,231) (577,299)
Total other (income) expense (169,668) 11,823 (203,181) (15,120)
Net loss $ (13,655,916) $ (17,451,169) $ (45,336,834) $ (36,984,848)
Basic and diluted net loss per common share (in dollars per share) $ (0.28) $ (0.51) $ (1.01) $ (1.14)
Weighted average shares used in computing basic and diluted net loss per common share (in shares) 47,946,309 34,188,108 44,810,352 32,436,420