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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash flows from operating activities:    
Net loss $ (103,410) $ (62,147)
Adjustments to reconcile net income to cash flows in operating activities:    
Depreciation and amortization 2,571 1,483
Amortization of premium on available-for-sale securities and noncash interest 613 1,127
Loss on abandonment of patents 132 52
Stock-based compensation 20,086 9,929
Increase in warrant valuation   7,035
Changes in operating assets and liabilities, net:    
Net increase in accounts receivable   (1,696)
Net decrease (increase) in other assets 8,695 (19,261)
Net increase in accounts payable, accrued expenses, deferred revenue and other liabilities (566) (4,291)
Net cash used in operations (71,879) (67,769)
Cash flows from investing activities:    
Release and maturity of restricted investments   3,250
Purchase of property and equipment (1,169) (9,841)
Patent costs (640) (628)
Purchase of available-for-sale securities (49,631) (226,616)
Maturity of available-for-sale securities 98,650 48,669
Net cash from (used in) investing activities 47,210 (185,166)
Cash flows from financing activities:    
Proceeds from borrowings, net of debt issuance costs 19,734  
Repayments of long-term debt (49) (47)
Proceeds from exercise of options and warrants and the sale of common stock, net of offering costs 971 98,771
Net cash from financing activities 20,656 98,724
Decrease in cash and cash equivalents (4,013) (154,211)
Cash and cash equivalents:    
Beginning of period 73,551 256,965
End of period 69,538 102,754
Supplemental disclosure of cash flow information:    
Cash paid during the period for interest 37 40
Supplemental schedule of non-cash investing activities and financing activities:    
Issuance of common stock in satisfaction of warrants and other liabilities   6,215
Tenant improvement paid by Landlord   65
Property and equipment included in accrued expenses   422
Accrual for the debt issuance costs related to the senior secured term loan 540  
Patent costs included in accrued expenses 170 $ 200
Capitalized interest $ 99