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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
8 Months Ended 12 Months Ended
Dec. 31, 2014
Dec. 31, 2016
Dec. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net loss $ (9,539) $ (31,634) $ (12,397)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:      
Acquired in-process research and development 6,055    
Depreciation and amortization 3 1,104 328
Loss on disposal of property and equipment   13 9
Equity-based compensation 308 6,715 1,308
Benefit from intraperiod tax allocation     (1,012)
Changes in operating assets and liabilities:      
Accounts receivable   (5,454)  
Prepaid expenses and other current assets (285) (979) (525)
Accounts payable 163 1,784 335
Accrued expenses 1,056 3,050 805
Deferred revenue   67,975 9,312
Other assets (256) (6,435) (76)
Other long-term liabilities 173 (30) 150
Net cash provided by (used in) operating activities (2,322) 36,109 (1,763)
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchases of property and equipment (275) (6,165) (2,554)
Acquisition of in-process research and development (300)    
Net cash used in investing activities (575) (6,165) (2,554)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from sale of Class A-1 and A-2 preferred units and Series B preferred stock 12,651   74,661
Payments to acquire in-process research and development   (600) (1,100)
Payment of preferred unit and preferred stock issuance costs (258) (100) (2,671)
Proceeds from sale of common units 349    
Proceeds from common stock offering   170,507  
Proceeds from options exercised   2  
Issuance of shares through employee stock purchase plan   259  
Payment of common stock offering costs   (2,764) (602)
Net cash provided by financing activities 12,742 167,304 70,288
Net increase in cash and cash equivalents 9,845 197,248 65,971
Cash and cash equivalents, beginning of period   75,816 9,845
Cash and cash equivalents, end of period 9,845 273,064 75,816
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:      
Purchases of property and equipment unpaid at period end 36 3,090 219
Acquisition of in-process research and development unpaid at period end 1,700   600
Noncash portion of acquired in-process research and development $ 4,055    
Financing costs incurred but unpaid at period end     $ 970
Conversion of convertible preferred stock to common stock   $ 88,557