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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities      
Net loss $ (114,780) $ (74,356) $ (54,890)
Adjustments to reconcile net loss to net cash used in operating activities:      
Non-cash other income, net 362 (1,371) 996
Non-cash interest income 45   (52)
Non-cash interest expense (104)   35
Depreciation and amortization expense 510 432 233
Stock-based compensation 5,154 5,732 2,545
In-process research and development 32,048    
Deferred income taxes   1,410 (794)
Other, net 14 131 1
Changes in operating assets and liabilities:      
Changes in long-term receivables (3) (5) 10
Changes in other receivables 1,139 (223) (1,932)
Changes in accounts payable (2,969) 2,585 (383)
Changes in accrued expenses and other liabilities 5,742 (3,778) 6,034
Changes in other non-current liabilities 61 96 24
Changes in income tax liabilities 58 (1) (152)
Net cash used in operating activities (72,723) (69,348) (48,325)
Cash flows from investing activities      
Purchases of plant and equipment and intangible assets (229) (1,173) (603)
Purchases of available-for-sale securities     (57,035)
Purchases of term deposits (115) (30) (10)
Proceeds from sale of property, plant and equipment   2  
Proceeds from maturities of term deposits     45,000
Proceeds from sales of available-for-sale securities   50,950 36,000
Transaction costs for Zavante acquisition, net of cash acquired (4,260)    
Net cash provided (used in) by investing activities (4,604) 49,749 23,352
Cash flows from financing activities      
Proceeds from December 2016 financing     24,822
Proceeds from long-term debt 25,535 228  
Proceeds from exercise of stock options   83 269
Debt transaction costs (1,990)    
Equity transaction costs (4,841) (8,092) (2,790)
Net cash provided by financing activities 92,923 72,219 22,301
Effects of foreign currency translation on cash and cash equivalents (362) 1,371 (996)
Net increase (decrease) in cash and cash equivalents 15,234 53,991 (3,668)
Cash and cash equivalents at beginning of year 86,769 32,778 36,446
Cash and cash equivalents at end of year 102,003 86,769 32,778
Supplemental disclosures of cash flow information:      
Interest paid (7) (1) (41)
Taxes paid (4) (5) (867)
Equity transaction costs included in accounts payable and accrued expenses 120 28 $ 1,451
September 2017 public offering      
Cash flows from financing activities      
Proceeds from issuance of stock   $ 80,000  
July 2018 public offering      
Cash flows from financing activities      
Proceeds from issuance of stock 50,000    
At-the-market offering      
Cash flows from financing activities      
Proceeds from issuance of stock $ 24,219