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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME - USD ($)
shares in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Revenue:      
Total revenue $ 0 $ 425,000 $ 29,981,000
Operating expenses:      
Research and development 14,077,000 12,510,000 13,479,000
General and administrative 11,623,000 8,070,000 14,736,000
Loss (gain) from change in fair value of contingent consideration 8,800,000 9,100,000 (1,100,000)
Total operating expenses 34,500,000 29,680,000 27,115,000
(Loss) income from operations (34,500,000) (29,255,000) 2,866,000
Other income (expense):      
Other income (expense), net 807,000 226,000 (723,000)
Interest expense 0 0 (247,000)
Total other income (expense), net 807,000 226,000 (970,000)
Net (loss) income before income taxes (33,693,000) (29,029,000) 1,896,000
Provision for income taxes 0 0 5,000
Net (loss) income and comprehensive (loss) income $ (33,693,000) $ (29,029,000) $ 1,891,000
Net (loss) income per share applicable to common stockholders—basic (in dollars per share) $ (0.55) $ (1.11) $ 0.09
Weighted-average number of common shares used in net (loss) income per share applicable to common stockholders—basic (in shares) 61,774 26,105 21,083
Net (loss) income per share applicable to common stockholders-diluted (in dollars per share) $ (0.55) $ (1.11) $ 0.09
Weighted-average number of common shares used in net (loss) income per share applicable to common stockholders—diluted (in shares) 61,774 26,105 21,733
Collaboration revenue      
Revenue:      
Total revenue $ 0 $ 0 $ 406,000
License revenue      
Revenue:      
Total revenue $ 0 $ 425,000 $ 29,575,000