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Condensed Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Operating activities:    
Net loss $ (10,009) $ (6,180)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 12 8
Amortization of license agreement 70 73
Stock-based compensation 352 638
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (153) (24)
Accounts payable and accrued expenses 423 614
Net cash used in operating activities (9,305) (4,871)
Investing activities:    
Purchases of furniture, fixtures, equipment and other assets (6)  
Net cash used in investing activities (6)  
Financing activities:    
Proceeds from issuance of preferred stock, net of issuance costs   6,334
Proceeds from issuance of common stock, net of issuance costs 25,681 1,936
Proceeds from exercise of warrants into common stock, net of issuance costs 9,512 432
Net cash provided by financing activities 35,193 8,702
Increase in cash and cash equivalents 25,882 3,831
Cash at beginning of period 7,005 4,946
Cash at end of period 32,887 8,777
Non-Cash investing and financing activities:    
Conversion of preferred stock to common stock   2,198
Non-cash deemed dividend to preferred stock   $ 4,799