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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, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
REVENUE:        
Product Development and Licensing Agreements $ 604 $ 334 $ 1,057 $ 676
Contracts and Grants 785 1,844 1,635 1,988
Total Revenue 1,389 2,178 2,692 2,664
OPERATING EXPENSE:        
Research and Development 25,711 26,490 53,158 51,615
General and Administrative 7,790 8,184 17,097 14,273
Amortization of Acquired Intangible Assets 254 254 507 507
Total Operating Expense 33,755 34,928 70,762 66,395
Operating Loss (32,366) (32,750) (68,070) (63,731)
Investment and Other Income, Net 414 391 1,445 1,198
Net Loss $ (31,952) $ (32,359) $ (66,625) $ (62,533)
Basic and Diluted Net Loss Per Common Share (in dollars per share) $ (0.32) $ (0.33) $ (0.67) $ (0.65)
Shares Used in Calculating Basic and Diluted Net Loss per Share (in shares) 98,817 98,482 98,753 95,477
COMPREHENSIVE LOSS:        
Net Loss $ (31,952) $ (32,359) $ (66,625) $ (62,533)
Other Comprehensive (Loss) Income:        
Foreign Currency Translation Adjustments       15
Unrealized Gain (Loss) on Marketable Securities 36 (180) 416 (169)
Comprehensive Loss $ (31,916) $ (32,539) $ (66,209) $ (62,687)