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Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Revenue
Operating expenses:      
Research and development 20,472 13,931 11,917
General and administrative 14,000 8,883 4,526
Severance expense 3,010
Total operating expenses 37,482 22,814 16,443
Loss from operations (37,482) (22,814) (16,443)
Other income (expense):      
(Loss) gain on extinguishment of debt (4,740) 1,900
Interest expense related to amortization of debt issuance costs and discount (1,616) (1,909) (1,114)
Interest expense on principal (5,511) (2,671) (1,605)
Fair value adjustment 32,465 (27,276) (7,223)
Interest and other income 353 32 8
Total other income (expense) 20,951 (31,824) (8,034)
Loss before income taxes (16,531) (54,638) (24,477)
Income tax benefit (expense) 15 (26) 22
Net loss $ (16,516) $ (54,664) $ (24,455)
Net loss per share:      
Basic and diluted (in dollars per share) $ (1.13) $ (7.42) $ (10.27)
Weighted average common shares outstanding:      
Basic and diluted (in shares) 14,597,053 7,368,681 2,381,041