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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Revenues      
Collaborative revenues $ 61 $ 120 $ 1,145
Operating expenses      
License fees 2,500    
Research and development 73,869 60,602 26,722
General and administrative 88,304 32,748 12,720
Total operating expenses 164,673 93,350 39,442
Loss from operations (164,612) (93,230) (38,297)
Interest income, net 499 755 349
Loss before income taxes (164,113) (92,475) (37,948)
Income tax expense 330    
Net loss $ (164,443) $ (92,475) $ (37,948)
Net loss per common share, basic and diluted $ (1.63) [1] $ (0.95) [1] $ (0.44)
Weighted average common shares outstanding, basic and diluted 100,630 97,248 85,715
[1] Net loss per common share, basic and diluted, are computed independently for each quarter and the full year based upon respective average shares outstanding. Therefore, the sum of the quarterly net loss per common share amounts may not equal the annual amounts reported.