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Condensed Consolidated Statements of Operations - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Grant revenue $ 1,262,000 $ 3,280,000 $ 5,600,000 $ 12,929,000
Licensing and collaboration revenue 750,000 4,165,000 2,120,000 33,711,000
Total operating revenues 2,012,000 7,445,000 7,720,000 46,640,000
Operating expenses:        
Research and development 27,410,000 16,130,000 49,347,000 34,111,000
General and administrative 9,130,000 7,257,000 18,294,000 15,623,000
Total operating expenses 36,540,000 23,387,000 67,641,000 49,734,000
Loss from operations (34,528,000) (15,942,000) (59,921,000) (3,094,000)
Other income and expense:        
Interest income (66,000) (26,000) (112,000) (43,000)
Interest expense 6,000 4,000 13,000 10,000
Other income, net 60,000 22,000 99,000 33,000
Net loss before taxes (34,468,000) (15,920,000) (59,822,000) (3,061,000)
Income tax benefit 2,079,000 1,829,000 3,713,000 160,000
Net loss $ (32,389,000) $ (14,091,000) $ (56,109,000) $ (2,901,000)
Basic and diluted loss per share $ (1.12) $ (0.49) $ (1.94) $ (0.10)
Basic and diluted average shares outstanding 28,891,827 28,661,588 28,874,385 28,408,474