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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Revenue:      
Collaboration revenue $ 0 $ 406 $ 490
License revenue 425 29,575 500
Total revenue 425 29,981 990
Operating expenses:      
Research and development 12,510 13,479 26,336
General and administrative 8,070 14,736 9,850
Loss (gain) from change in fair value of contingent consideration 9,100 (1,100) 0
Total operating expenses 29,680 27,115 36,186
(Loss) income from operations (29,255) 2,866 (35,196)
Other income (expense):      
Other income (expense), net 226 (723) 3,139
Interest expense 0 (247) (1,395)
Total other income (expense), net 226 (970) 1,744
Net (loss) income before income taxes (29,029) 1,896 (33,452)
Provision for income taxes 0 5 0
Net (loss) income and comprehensive (loss) income $ (29,029) $ 1,891 $ (33,452)
Net (loss) income per share applicable to common stockholders—basic (in dollars per share) $ (1.11) $ 0.09 $ (1.76)
Weighted-average number of common shares used in net (loss) income per share applicable to common stockholders—basic (in shares) 26,105 21,083 18,993
Net (loss) income per share applicable to common stockholders-diluted (in dollars per share) $ (1.11) $ 0.09 $ (1.76)
Weighted-average number of common shares used in net (loss) income per share applicable to common stockholders—diluted (in shares) 26,105 21,733 18,993