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CONDENSED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
REVENUE:        
Product Development and Licensing Agreements $ 334 $ 200 $ 676 $ 235
Contracts and Grants 1,844 392 1,988 773
Total Revenue 2,178 592 2,664 1,008
OPERATING EXPENSE:        
Research and Development 26,490 24,100 51,615 51,169
General and Administrative 8,184 4,787 14,273 9,369
Amortization of Acquired Intangible Assets 254 254 507 507
Total Operating Expense 34,928 29,141 66,395 61,045
Operating Loss (32,750) (28,549) (63,731) (60,037)
Investment and Other Income, Net 391 275 1,198 1,860
Net Loss $ (32,359) $ (28,274) $ (62,533) $ (58,177)
Basic and Diluted Net Loss Per Common Share (in dollars per share) $ (0.33) $ (0.32) $ 0.65 $ (0.65)
Shares Used in Calculating Basic and Diluted Net Loss per Share (in shares) 98,482 89,361 95,477 89,316
COMPREHENSIVE LOSS:        
Net Loss $ (32,359) $ (28,274) $ (62,533) $ (58,177)
Other Comprehensive (Loss) Income:        
Foreign Currency Translation Adjustments   (2) 15 (1)
Unrealized (Loss) Gain on Marketable Securities (180) 80 (169) 81
Comprehensive Loss $ (32,539) $ (28,196) $ (62,687) $ (58,097)