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Selected quarterly financial data
 12 Months Ended
Dec. 31, 2014
Selected quarterly financial data  
Selected quarterly financial data

 

17. Selected quarterly financial data (Unaudited)

          The following financial information reflects all normal recurring adjustments, which are, in the opinion of management, necessary for a fair statement of the results of the interim periods. Summarized quarterly data for 2014 and 2013 are as follows:

                                                                                                                                                                                    

 

 

For the quarters ending

 

 

 

March 31

 

June 30

 

September 30

 

December 31

 

2014:

 

 

 

 

 

 

 

 

 

 

 

 

 

Net product sales

 

$

—

 

$

—

 

$
81

 

$
636

 

Collaboration and grant revenue

 

 
9,217

 

 
1,677

 

 
1,613

 

 
12,022

 

Operating expenses

 

 
23,429

 

 
27,046

 

 
29,295

 

 
44,888

 

Loss from operations

 

 
(14,212

)

 
(25,369

)

 
(27,601

)

 
(32,230

)

Net loss attributable to common stockholders

 

 
(14,098

)

 
(25,104

)

 
(27,282

)

 
(27,269

)

Basic net loss per common share(1)

 

$
(0.58

)

$
(0.86

)

$
(0.93

)

$
(0.84

)

Diluted net loss per common share(1)

 

$
(0.58

)

$
(0.86

)

$
(0.93

)

$
(0.84

)

2013:

 

 


 

 

 


 

 

 


 

 

 


 

 

Collaboration and grant revenue

 

$
7,142

 

$
6,854

 

$
16,290

 

$
4,411

 

Operating expenses

 

 
15,718

 

 
21,307

 

 
20,565

 

 
22,503

 

Loss from operations

 

 
(8,576

)

 
(14,453

)

 
(4,276

)

 
(18,093

)

Net loss

 

 
(14,685

)

 
(14,587

)

 
(4,416

)

 
(17,886

)

Deemed dividend

 

 
(18,249

)

 

—

 

 

—

 

 

—

 

Gain on exchange of convertible preferred stock in connection with recapitalization

 

 
3,391

 

 

—

 

 

—

 

 

—

 

Net income (loss) attributable to common stockholders

 

 
(29,543

)

 
(14,587

)

 
(4,416

)

 
(17,886

)

Basic net income (loss) per common share(1)

 

$
(6,527.30

)

$
(5.51

)

$
(0.19

)

$
(0.75

)

Diluted net income (loss) per common share(1)

 

$
(6,527.30

)

$
(5.51

)

$
(0.19

)

$
(0.75

)

(1)

The amounts were computed independently for each quarter and the sum of the quarters may not total the annual amounts.