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Summary of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2018
Accounting Policies [Abstract]  
Summary of Assets Measured at Fair Value on Recurring Basis

The following table summarizes assets measured at fair value on a recurring basis at September 30, 2018 (in thousands):

 

 

 

 

 

 

 

Active

 

 

Observable

 

 

Unobservable

 

 

 

September 30,

 

 

Markets

 

 

Inputs

 

 

Inputs

 

Description

 

2018

 

 

(Level 1)

 

 

(Level 2)

 

 

(Level 3)

 

Money market funds (included in

   cash and cash equivalents)

 

$

14,791

 

 

$

14,791

 

 

$

 

 

$

 

U.S. treasury securities (included in

   cash and cash equivalents)

 

 

8,065

 

 

 

8,065

 

 

 

 

 

 

 

U.S. treasury securities (included in

   marketable securities)

 

 

92,522

 

 

 

92,522

 

 

 

 

 

 

 

Total

 

$

115,378

 

 

$

115,378

 

 

$

 

 

$

 

The following table summarizes assets measured at fair value on a recurring basis at December 31, 2017 (in thousands):

 

 

 

 

 

 

 

Active

 

 

Observable

 

 

Unobservable

 

 

 

December 31,

 

 

Markets

 

 

Inputs

 

 

Inputs

 

Description

 

2017

 

 

(Level 1)

 

 

(Level 2)

 

 

(Level 3)

 

Money market funds (included in

   cash and cash equivalents)

 

$

53,349

 

 

$

53,349

 

 

$

 

 

$

 

Total

 

$

53,349

 

 

$

53,349

 

 

$

 

 

$

 

 

Schedule of Estimated Useful Lives of Property and Equipment

The estimated useful lives of property and equipment are as follows:

 

 

 

Useful Life

(in years)

Leasehold improvements

 

Lesser of useful life or remaining lease term

Laboratory and manufacturing equipment

 

2-8 years

Computer equipment

 

1-5 years

Furniture and fixtures

 

3-5 years

Office equipment

 

3-5 years

Software

 

3-5 years