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Condensed Consolidated Statements of Operations - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Grant revenue $ 3,280,000 $ 212,000 $ 12,929,000 $ 546,000
Licensing and collaboration revenue 4,165,000 0 33,711,000 0
Revenues 7,445,000 212,000 46,640,000 546,000
Operating expenses:        
Research and development 16,130,000 6,475,000 34,111,000 12,863,000
General and administrative 7,257,000 2,863,000 15,623,000 6,114,000
Total operating expenses 23,387,000 9,338,000 49,734,000 18,977,000
Loss from operations (15,942,000) (9,126,000) (3,094,000) (18,431,000)
Other income and expense:        
Miscellaneous income 0 (50,000) 0 0
Interest income 26,000 21,000 43,000 45,000
Interest expense (4,000) (9,000) (10,000) (13,000)
Other (expense) income, net 22,000 (38,000) 33,000 32,000
Net loss before taxes (15,920,000) (9,164,000) (3,061,000) (18,399,000)
Income tax benefit 1,829,000 0 160,000 0
Net loss $ (14,091,000) $ (9,164,000) $ (2,901,000) $ (18,399,000)
Basic and diluted net loss per share $ (0.49) $ (0.33) $ (0.10) $ (0.66)
Basic and diluted average shares outstanding 28,661,588 27,876,652 28,408,474 27,742,029