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Selected quarterly financial data (Unaudited)
12 Months Ended
Dec. 31, 2015
Selected quarterly financial data (Unaudited)  
Selected quarterly financial data (Unaudited)

 

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 2015 and 2014 are as follows:

                                                                                                                                                                                    

 

 

For the quarters ending

 

 

 

March 31

 

June 30

 

September 30

 

December 31

 

2015:

 

 

 

 

 

 

 

 

 

 

 

 

 

Net product revenue

 

$

5,069

 

$

6,161

 

$

9,772

 

$

12,694

 

Collaboration and grant revenue

 

 

2,413

 

 

613

 

 

4

 

 

40

 

Operating expenses

 

 

45,553

 

 

45,400

 

 

52,008

 

 

60,935

 

Loss from operations

 

 

(38,071

)

 

(38,626

)

 

(42,232

)

 

(48,201

)

Net loss

 

 

(37,915

)

 

(38,361

)

 

(43,223

)

 

(50,948

)

Basic and diluted net loss per common share(1)

 

$

(1.15

)

$

(1.14

)

$

(1.27

)

$

(1.50

)

2014:

 

 

 

 

 

 

 

 

 

 

 

 

 

Net product revenue

 

$

 

$

 

$

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

 

 

(14,098

)

 

(25,104

)

 

(27,282

)

 

(27,269

)

Basic and diluted net loss per common share(1)

 

$

(0.58

)

$

(0.86

)

$

(0.93

)

$

(0.84

)


 

 

 

(1)          

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