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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 $ (85,343) $ (67,543) $ (31,634)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:      
Depreciation and amortization 4,464 2,994 1,104
Loss on disposal of property and equipment 75 166 13
Equity-based compensation 17,046 15,322 6,715
Accretion of investment discounts (676)    
Changes in operating assets and liabilities:      
Accounts receivable 2,924 (4,017) (5,454)
Prepaid expenses and other current assets 310 (1,893) (979)
Accounts payable 232 (488) 1,784
Accrued expenses 2,780 2,394 3,050
Deferred revenue (3,936) (12,988) 67,975
Other assets 1,022 902 (6,435)
Other long-term liabilities (155) (125) (30)
Net cash (used in) provided by operating activities (61,257) (65,276) 36,109
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchases of property and equipment (6,358) (10,091) (6,165)
Proceeds from sale of property and equipment 131    
Purchases of marketable securities (254,555)    
Net cash used in investing activities (260,782) (10,091) (6,165)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Payments to acquire in-process research and development     (600)
Payment of preferred unit and preferred stock issuance costs     (100)
Proceeds from common stock offering 28,971 141,000 170,507
Proceeds from options exercised 10,652 1,156 2
Issuance of shares through employee stock purchase plan 1,018 825 259
Payment of common stock offering costs (424)   (2,764)
Net cash provided by financing activities 40,217 142,981 167,304
Net (decrease) increase in cash and cash equivalents (281,822) 67,614 197,248
Cash and cash equivalents, beginning of period 340,678 273,064 75,816
Cash and cash equivalents, end of period 58,856 340,678 273,064
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:      
Purchases of property and equipment unpaid at period end $ 1,071 $ 805 3,090
Conversion of convertible preferred stock to common stock     $ 88,557