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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities    
Net loss $ (59,719) $ (83,955)
Adjustments to reconcile net loss to net cash used in operating activities:    
Non-cash other expense, net (49) 167
Non-cash interest income 24 (57)
Non-cash interest expense 379  
Depreciation and amortization expense 162 391
Amortization of right-of-use assets 291  
Stock-based compensation 7,866 3,434
In-process research and development in connection with acquisition   31,930
Deferred income taxes (5)  
Other, net   12
Changes in operating assets and liabilities:    
(Increase)/decrease in long-term receivables (288) (3)
(Increase)/decrease in accounts receivable, net and other receivables and prepaid expenses (1,258) (2,361)
Increase in inventory (162)  
(Decrease)/increase in accounts payable (39) (1,473)
Increase/(decrease) in accrued expenses and other liabilities (3,553) 1,137
Increase/(decrease) in other non-current liabilities (88) 41
Increase/(decrease) in income tax liabilities 34 245
Net cash used in operating activities (56,405) (50,492)
Cash flows from investing activities    
Purchases of plant and equipment and intangible assets (97) (209)
Purchases of term deposits   (216)
Deposits into employee stock purchase plan restricted cash accounts 228  
Transaction costs related to Zavante acquisition, net of cash acquired   (3,950)
Net cash provided by (used in) investing activities 131 (4,375)
Cash flows from financing activities    
Proceeds from at-the-market facility 23,189 22,784
Proceeds from long-term debt, net of issuance costs 9,980 535
Proceeds from employee share purchase plan 170  
Equity transaction costs (659) (4,723)
Net cash provided by financing activities 32,680 68,596
Effects of foreign currency translation on cash and cash equivalents (80) (167)
Net increase/(decrease) in cash, cash equivalents and restricted cash (23,674) 13,562
Cash, cash equivalents and restricted cash at beginning of period 102,003 86,769
Cash, cash equivalents and restricted cash at end of period 78,329 100,331
Supplemental disclosure of cash flow information:    
Transaction costs related to Zavante acquisition included in accounts payable and accrued expensed   243
Interest paid 1,735 4
Equity transaction costs incurred in prior periods and paid in current period 18  
Equity transaction costs included in accounts payable and accrued expenses $ 382 109
July 2018 Public Offering    
Cash flows from financing activities    
Proceeds from at-the-market facility   $ 50,000