Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited)

v3.3.0.814
Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Income Statement [Abstract]        
Revenue $ 3,680 $ 3,680 $ 11,041 $ 11,041
Operating expenses:        
Research and development 8,081 8,906 28,902 27,223
General and administrative 2,372 2,407 7,468 7,518
Total operating expenses 10,453 11,313 36,370 34,741
Loss from operations (6,773) (7,633) (25,329) (23,700)
Interest income (expense), net 27 27 99 97
Other income (expense), net 315 (341) (661) 7,781
Loss before provision (benefit) for income taxes (6,431) (7,947) (25,891) (15,822)
Provision (benefit) for income taxes   (202)   (202)
Net loss (6,431) (7,745) (25,891) (15,620)
Other comprehensive income (loss):        
Unrealized gain (loss) on available-for-sale securities 15 (13) 10 (24)
Comprehensive loss $ (6,416) $ (7,758) $ (25,881) $ (15,644)
Net loss per common share:        
Basic $ (0.09) $ (0.13) $ (0.37) $ (0.26)
Diluted $ (0.09) $ (0.15) $ (0.37) $ (0.37)
Weighted average number of shares used in per common share calculations:        
Basic 71,382 59,845 69,833 59,500
Diluted 71,382 61,494 69,833 63,419