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STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Income Statement [Abstract]        
Collaboration revenue $ 1,597 $ 1,697 $ 3,194 $ 3,666
Operating expenses:        
Research and development 10,831 129,228 22,798 139,427
General and administrative 3,780 3,711 7,375 7,521
Total operating expenses 14,611 132,939 30,173 146,948
Loss from operations (13,014) (131,242) (26,979) (143,282)
Other income (expense), net 86 42 124 63
Change in fair value of derivative liabilities 66   (1,494)  
Net loss (12,862) (131,200) (28,349) (143,219)
Preferred stock dividends (4,865)   (9,036)  
Net loss applicable to common stockholders $ (17,727) $ (131,200) $ (37,385) $ (143,219)
Basic and diluted net loss per share $ (0.13) $ (1.01) $ (0.28) $ (1.10)
Weighted average common shares outstanding used to compute basic and diluted net loss per share 135,630,210 130,385,077 133,176,934 130,271,806