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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Operating activities    
Net loss $ (46,392) $ (94,747)
Adjustments to reconcile net loss to net cash used in operating activities:    
Baxalta milestone revenue (32,000) 0
Share-based compensation expense 11,225 12,997
Depreciation and amortization 636 757
Loss on debt extinguishment 0 1,211
Provision for bad debt 1,736 176
Reserve for excess, obsolete or unsalable inventory 1 754
Other-than-temporary impairment on available-for-sale securities 519 0
Noncash interest expense 177 351
Change in value of warrant liability 0 (135)
Noncash rent benefit (346) (304)
Changes in operating assets and liabilities:    
Accounts receivable (372) 1,253
Receivables from collaborative arrangements (3,024) 0
Inventory 339 510
Prepaid expenses and other current assets 2,011 (652)
Other assets 324 771
Accounts payable 3,341 7,119
Accrued expenses 636 (2,504)
Deferred revenue (923) (681)
Other liabilities 1 3
Total adjustments (15,719) 21,626
Net cash used in operating activities (62,111) (73,121)
Investing activities    
Purchases of property and equipment (137) (31)
Net cash used in investing activities (137) (31)
Financing activities    
Proceeds from common stock offering 0 15,700
Repayment of Hercules debt (3,578) (4,659)
Payment of tax withholding obligations related to stock compensation (311) (580)
Cash paid for preferred stock issuance costs (314) (227)
Other 21 83
Net cash (used in) provided by financing activities (4,182) 48,187
Effect of exchange rate changes on cash and cash equivalents (157) 387
Net decrease in cash and cash equivalents (66,587) (24,578)
Cash and cash equivalents at beginning of period 128,182 70,933
Cash and cash equivalents at end of period 61,595 46,355
Supplemental disclosure of cash flow information    
Cash paid during the period for interest 3,848 1,507
Cash paid during the period for taxes 0 0
Supplemental disclosure of noncash financing and investing activities    
Baxalta milestone advance - earned in lieu of repayment (32,000) 0
Repayment and issuance of Hercules debt 0 13,815
Hercules    
Financing activities    
Proceeds from debt 0 5,870
Baxalta    
Financing activities    
Proceeds from debt $ 0 $ 32,000