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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
REVENUES:        
Product Development and Licensing Agreements $ 1,238 $ 493 $ 2,488 $ 1,551
Contracts and Grants 2,686 1,727 6,799 3,362
Total Revenues 3,924 2,220 9,287 4,913
OPERATING EXPENSES:        
Research and Development 21,915 25,009 72,707 78,168
General and Administrative 5,346 6,950 19,109 24,049
In-Process Research and Development Impairment 13,000   13,000  
Gain on Fair Value Remeasurement of Contingent Consideration (4,600)   (200)  
Amortization of Acquired Intangible Assets 224 254 672 760
Total Operating Expenses 35,885 32,213 105,288 102,977
Operating Loss (31,961) (29,993) (96,001) (98,064)
Investment and Other Income, Net 398 395 1,611 1,841
Net Loss Before Income Tax Benefit (31,563) (29,598) (94,390) (96,223)
Income Tax Benefit 5,200   5,200  
Net Loss $ (26,363) $ (29,598) $ (89,190) $ (96,223)
Basic and Diluted Net Loss Per Common Share (in dollars per share) $ (0.20) $ (0.29) $ (0.71) $ (0.97)
Shares Used in Calculating Basic and Diluted Net Loss per Share (in shares) 129,640 100,672 125,856 99,398
COMPREHENSIVE LOSS:        
Net Loss $ (26,363) $ (29,598) $ (89,190) $ (96,223)
Other Comprehensive Income:        
Unrealized Gain (Loss) on Marketable Securities 11 (113) 47 303
Comprehensive Loss $ (26,352) $ (29,711) $ (89,143) $ (95,920)