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Equity Incentive Plans (Tables)
9 Months Ended
Sep. 30, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Equity Award Activity

The activity related to equity awards, which are comprised of stock options and inducement grants, during the nine months ended September 30, 2020 is summarized as follows:

 

 

 

Equity

Awards

 

 

Weighted-average

Exercise Price

per Share

 

 

Weighted-average

Remaining Contractual

Term (years)

 

 

Aggregate

Intrinsic

Value

 

Outstanding at December 31, 2019

 

 

5,616,840

 

 

$

19.50

 

 

 

 

 

 

 

 

 

Granted

 

 

1,802,860

 

 

$

4.70

 

 

 

 

 

 

 

 

 

Exercised

 

 

(94,219

)

 

$

6.42

 

 

 

 

 

 

 

 

 

Cancelled/forfeited

 

 

(4,000,059

)

 

$

18.74

 

 

 

 

 

 

 

 

 

Outstanding at September 30, 2020

 

 

3,325,422

 

 

$

12.77

 

 

 

7.43

 

 

$

-

 

Exercisable at September 30, 2020

 

 

1,466,036

 

 

$

20.53

 

 

 

5.52

 

 

$

-

 

 

Share-based Compensation Expense

The classification of share-based compensation expense is summarized as follows (in thousands):

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Research and development

 

$

691

 

 

$

4,169

 

 

$

3,218

 

 

$

12,062

 

Selling, general and administrative

 

 

697

 

 

 

2,250

 

 

 

2,167

 

 

 

7,460

 

Total share-based compensation expense

 

$

1,388

 

 

$

6,419

 

 

$

5,385

 

 

$

19,522