XML 25 R15.htm IDEA: XBRL DOCUMENT v3.8.0.1
Related Party Transactions
9 Months Ended
Sep. 30, 2017
Related Party Transactions [Abstract]  
Related Party Transactions

10. Related Party Transactions

In September 2012, the Company began receiving consulting and management services pursuant to an unwritten agreement with Third Rock Ventures, which is one of the Company’s largest shareholders. Kevin Starr, a director of the Company, is a partner of Third Rock Ventures. Charles Homcy, a former director who resigned from the Board of Directors in March 2017, is a venture partner of Third Rock Ventures. The consulting fees paid to Third Rock Ventures were incurred by the Company in the ordinary course of business, and were $12,000 and $45,000 for the three and nine months ended September 30, 2017, respectively, and $7,000 and $31,000 for the three and nine months ended September 30, 2016, respectively. As of September 30, 2017 and December 31, 2016, the Company had outstanding obligations to Third Rock Ventures of $13,000 and $9,000, respectively.