Annual report pursuant to Section 13 and 15(d)

STATEMENTS OF OPERATIONS

v3.8.0.1
STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
STATEMENTS OF OPERATIONS      
Contract revenues from collaborations $ 4,484 $ 20,383 $ 28,895
Costs and expenses:      
Research and development 46,269 63,446 62,825
General and administrative 37,831 20,908 17,813
Restructuring charges   5,770  
Total costs and expenses 84,100 90,124 80,638
Loss from operations (79,616) (69,741) (51,743)
Interest income 892 437 222
Gain on disposal of assets 732 88 57
Net loss $ (77,992) $ (69,216) $ (51,464)
Net loss per share, basic and diluted (in dollars per share) $ (0.62) $ (0.73) $ (0.58)
Weighted average shares used in computing net loss per share, basic and diluted (in shares) 126,324 94,387 88,434