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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenue        
Total revenue $ 1,587 $ 6,892 $ 4,267 $ 8,166
Expenses        
Research, development, collaborations and contracts 16,566 15,537 46,871 44,854
General and administrative 2,631 3,659 10,075 12,586
Depreciation of property and equipment 497 593 1,677 1,407
Total site consolidation expense (492) 0 3,710 0
Impairment of intangible assets 14,811 0 14,811 0
Total expenses 34,013 19,789 77,144 58,847
Loss from operations (32,426) (12,897) (72,877) (50,681)
Other income (loss)        
Interest income 756 337 2,319 1,095
Interest expense 0 (76) (104) (186)
Foreign exchange (loss) gain 145 1,233 (740) 2,458
Gain on equity investment 0 0 24,884 0
Equity investment loss (2,838) 0 (2,838) 0
Increase in fair value of warrant liability 0 0 0 (22)
Decrease (increase) in fair value of contingent consideration 5,608 (197) 6,263 (1,146)
Total other income 3,671 1,297 29,784 2,199
Net (loss) before income taxes (28,755) (11,600) (43,093) (48,482)
Income tax benefit 4,282 0 4,282 0
Net (loss) (24,473) (11,600) (38,811) (48,482)
Accrual of coupon on convertible preferred shares (2,567) 0 (7,444) 0
Net (loss) attributable to common shares $ (27,040) $ (11,600) $ (46,255) $ (48,482)
Net (loss) attributable to common shareholders, per share (note 2)        
Basic and diluted (in dollars per share) $ (0.49) $ (0.21) $ (0.84) $ (0.89)
Weighted average number of common shares        
Weighted average number of common shares basic and diluted (in shares) 55,421,504 54,877,103 55,241,284 54,612,081