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CONDENSED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
REVENUE:    
Product Development and Licensing Agreements $ 453 $ 342
Contracts and Grants 850 144
Total Revenue 1,303 486
OPERATING EXPENSE:    
Research and Development 27,447 25,125
General and Administrative 9,307 6,089
Amortization of Acquired Intangible Assets 253 253
Total Operating Expense 37,007 31,467
Operating Loss (35,704) (30,981)
Investment and Other Income, Net 1,031 807
Net Loss $ (34,673) $ (30,174)
Basic and Diluted Net Loss Per Common Share (in dollars per share) $ (0.35) $ (0.33)
Shares Used in Calculating Basic and Diluted Net Loss per Share (in shares) 98,689 92,437
COMPREHENSIVE LOSS:    
Net Loss $ (34,673) $ (30,174)
Other Comprehensive Income:    
Foreign Currency Translation Adjustments   15
Unrealized Gain on Marketable Securities 380 11
Comprehensive Loss $ (34,293) $ (30,148)