Quarterly report pursuant to Section 13 or 15(d)

CONDENSED BALANCE SHEETS

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CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 38,577 $ 15,203
Short-term investments 95,773 127,956
Accounts receivable 163 5,750
Prepaid and other current assets 1,667 1,628
Total current assets 136,180 150,537
Property and equipment, net 1,817 2,509
Other assets 1,173 1,089
Total assets 139,170 154,135
Current liabilities:    
Accounts payable 689 1,613
Accrued compensation 4,361 2,832
Accrued research and development 5,199 3,993
Other accrued liabilities 1,241 534
Deferred revenue 18,261  
Deferred liability - sublease, current portion 2,953 2,803
Deferred rent, current portion 2,134 2,250
Total current liabilities 34,838 14,025
Long-term portion of deferred liability - sublease 4,231 6,466
Long-term portion of deferred rent 3,662 5,347
Other long-term liabilities $ 33 $ 51
Commitments
Stockholders' equity:    
Preferred stock
Common stock $ 89 $ 88
Additional paid-in capital 1,075,251 1,068,347
Accumulated other comprehensive income (loss) 25 (7)
Accumulated deficit (978,959) (940,182)
Total stockholders' equity 96,406 128,246
Total liabilities and stockholders' equity $ 139,170 $ 154,135