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CONDENSED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Revenue:    
License revenue $ 0 $ 0
Expenses:    
Research and development 8,151,305 12,563,745
General and administrative 3,958,434 3,130,232
Total expenses 12,109,739 15,693,977
Loss before other income (expense) (12,109,739) (15,693,977)
Other:    
Interest income 61,738 56,574
Interest expense (416,803) 0
Other income (expense), net 5,964 (15,853)
Loss on warrant derivative liability (184,272) (1,871,294)
Net loss $ (12,643,112) $ (17,524,550)
Basic and diluted loss per share (in dollars per share) $ (0.19) $ (0.31)
Basic and diluted weighted-average shares outstanding (in shares) 66,488,855 55,722,710