PROPERTY AND EQUIPMENT (Tables)

12 Months Ended

Dec. 31, 2014

PROPERTY AND EQUIPMENT

Schedule of property and equipment

Property and equipment consists of the following (in thousands):

	December 31, 2014			December 31, 2013
Furniture and office equipment	$	4,097		$	3,547
Laboratory equipment		5,156			5,151
Leasehold improvements		6,045			6,045
		15,298			14,743
Less: Accumulated depreciation and amortization		(8,243	)		(6,403	)
Property and equipment, net	$	7,055		$	8,340