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Condensed Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Operating activities    
Net loss $ (171,358,000) $ (58,154,000)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Depreciation and amortization 1,268,000 439,000
Remeasurement of contingent consideration 4,414,000 2,740,000
Remeasurement of convertible preferred stock warrants   15,373,000
Preferred stock issued in exchange for services   147,000
Non-cash interest (income) expense and amortization of (receivable) debt discount (38,000) 3,897,000
Impairment of property and equipment 128,000  
Gain on extinguishment of 2013 Notes   (2,048,000)
Stock-based compensation expense 11,547,000 7,236,000
Changes in operating assets and liabilities:    
Receivables from collaboration and license agreement 1,877,000  
Receivables from related party   278,000
Notes receivable from related parties   107,000
Notes receivable 1,853,000  
Prepaid assets (11,194,000) (12,157,000)
Other assets (2,331,000)  
Other assets - related party 1,691,000  
Other assets - non-current 42,000 (476,000)
Accounts payable 19,100,000 552,000
Accounts payable - related parties 1,072,000 4,580,000
Accrued and other liabilities 13,771,000 498,000
Deferred revenue (383,000) 25,885,000
Advance payments under license agreements (1,192,000)  
Contingent liability to collaborator 15,850,000 20,150,000
Other liabilities, non-current 326,000 311,000
Net cash (used in) provided by operating activities (113,557,000) 9,358,000
Investing activities    
Net cash acquired from acquisition of InteKrin Therapeutics, Inc.   2,334,000
Purchases of property and equipment (4,720,000) (2,360,000)
Increase in restricted cash (785,000)  
Net cash used in investing activities (5,505,000) (26,000)
Financing activities    
Proceeds from issuance of convertible preferred stock, net of issuance costs   54,660,000
Proceeds from issuance of convertible preferred stock upon exercise of warrants   74,000
Proceeds from follow-on offering, net of underwriters discounts and commissions 112,800,000  
Proceeds from private placement 10,000,000  
Proceeds from issuance of common stock upon exercise of stock options 1,015,000 19,000
Repurchase of restricted common stock   (2,000)
Net cash provided by financing activities 122,359,000 52,190,000
Effect of exchange rate changes in cash and cash equivalents 2,000 (201,000)
Net increase in cash and cash equivalents 3,299,000 61,321,000
Cash and cash equivalents at beginning of period 150,392,000 39,554,000
Cash and cash equivalents at end of period 153,691,000 100,875,000
Initial Public Offering    
Financing activities    
Payments of offering costs (855,000) $ (2,561,000)
Follow-On Public Offering    
Financing activities    
Payments of offering costs $ (601,000)