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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities:    
Net loss $ (38,557) $ (27,411)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 4,347 1,781
Depreciation 977 815
Accretion of discounts and amortization of premiums on investments 62  
Change in operating assets and liabilities:    
Receivable from collaboration partner 45,000  
Prepaid expenses and other current assets (151) 520
Other long-term assets (149)  
Accounts payable 228 (372)
Accrued liabilities 2,029 1,027
Other long-term liabilities (118) (75)
Deferred revenue (16,875) (10,649)
Net cash used in operating activities (3,207) (34,364)
Cash flows from investing activities:    
Purchases of investments (44,044)  
Sale of investments 4,000  
Purchases of property and equipment (917) (854)
Net cash used in investing activities (40,961) (854)
Cash flows from financing activities:    
Proceeds from issuance of common stock, net of offering costs 133,925  
Proceeds from exercise of stock options and employee stock purchase plan 1,668 226
Payments of prior period offering costs (38) (153)
Net cash provided by financing activities 135,555 73
Net increase (decrease) in cash and cash equivalents 91,387 (35,145)
Cash and cash equivalents, beginning of period 135,797 112,265
Cash and cash equivalents, end of period 227,184 77,120
Supplemental disclosures of noncash investing and financing activities    
Unpaid offering costs included in period-end accounts payable and accrued liabilities 63 461
Vesting of early exercised options and restricted stock 156 226
Unpaid portion of property and equipment purchases included in period-end accounts payable and accrued liabilities $ 38 $ 7