Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2016 |
Sep. 30, 2015 |
Sep. 30, 2016 |
Sep. 30, 2015 |
|
| Operating expenses: | ||||
| Research and development | $ 54,338 | $ 76,138 | $ 196,675 | $ 193,256 |
| General and administrative | 9,162 | 8,331 | 28,541 | 22,286 |
| Acquired in-process research and development | 500 | 12,000 | 800 | 12,000 |
| Impairment of intangible asset | 104,517 | |||
| Change in fair value of contingent purchase consideration | 783 | (24,936) | 2,271 | |
| Total expenses | 64,000 | 97,252 | 305,597 | 229,813 |
| Operating loss | (64,000) | (97,252) | (305,597) | (229,813) |
| Other income (expense): | ||||
| Interest expense | (2,108) | (2,099) | (6,318) | (6,271) |
| Foreign currency gains (losses) | (66) | (101) | (434) | 2,004 |
| Other income | 252 | 179 | 473 | 252 |
| Other expense, net | (1,922) | (2,021) | (6,279) | (4,015) |
| Loss before income taxes | (65,922) | (99,273) | (311,876) | (233,828) |
| Income tax benefit | 227 | 628 | 33,467 | 508 |
| Net loss | $ (65,695) | $ (98,645) | $ (278,409) | $ (233,320) |
| Basic and diluted net loss per common share | $ (1.70) | $ (2.62) | $ (7.24) | $ (6.62) |
| Basic and diluted weighted-average common shares outstanding | 38,538 | 37,613 | 38,429 | 35,252 |