Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands |
Sep. 30, 2016 |
Dec. 31, 2015 |
| Current assets |
|
|
| Cash and cash equivalents |
$ 52,938
|
$ 131,302
|
| Available-for-sale securities |
67,854
|
|
| Restricted cash |
2,879
|
2,443
|
| Accounts receivable |
230
|
745
|
| Prepaid and other current assets |
3,557
|
7,927
|
| Total current assets |
127,458
|
142,417
|
| Restricted cash |
1,011
|
250
|
| Fixed assets, net |
891
|
779
|
| Intangible assets, net |
1,055
|
1,349
|
| Goodwill |
829
|
829
|
| Other long-term assets |
367
|
294
|
| Total assets |
131,611
|
145,918
|
| Current liabilities |
|
|
| Accounts payable and other accrued expenses |
12,509
|
6,443
|
| Accrued contract research |
7,132
|
11,583
|
| Current portion of Intermezzo reserve |
2,110
|
2,476
|
| Total current liabilities |
21,751
|
20,502
|
| Long-term debt |
19,653
|
19,565
|
| Contingent obligations |
950
|
1,000
|
| Other liabilities |
3,785
|
3,611
|
| Total liabilities |
46,139
|
44,678
|
| Commitments and contingencies (Note 14) |
|
|
| Stockholders’ equity |
|
|
| Undesignated preferred stock, value |
|
|
| Common stock, $0.001 par value, 100,000,000 shares authorized, 22,627,711 and 17,608,615 shares issued and outstanding at September 30, 2016 and December 31, 2015, respectively |
23
|
17
|
| Additional paid-in capital |
439,344
|
369,949
|
| Accumulated other comprehensive income |
14
|
|
| Accumulated deficit |
(353,909)
|
(268,726)
|
| Total stockholders’ equity |
85,472
|
101,240
|
| Total liabilities and stockholders’ equity |
$ 131,611
|
$ 145,918
|