Selected Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2016

Quarterly Financial Information Disclosure [Abstract]

Selected Quarterly Financial Data (Unaudited)

15. SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)

Selected quarterly financial results from operations for the years ended December 31, 2016 and 2015 are as follows (in thousands, except per share amounts):


	2016 Quarter End
	March 31,			June 30			September 30			December 31
Total revenue	$	—		$	—		$	—		$	—
Operating expenses		23,529			28,690			29,200			31,476
Net loss		(23,467	)		(28,613	)		(29,031	)		(31,276	)
Net loss per share:
Basic and Diluted		(0.70	)		(0.83	)		(0.65	)		(0.66	)

	2015 Quarter End
	March 31,			June 30			September 30			December 31
Total revenue	$	5,883		$	18,143		$	—		$	—
Operating expenses		9,373			9,087			18,079			16,876
Net (loss) income		(3,502	)		9,007			(18,126	)		(17,000	)
Net (loss) income per share:
Basic		(0.19	)		0.43			(0.70	)		(0.65	)
Diluted		(0.19	)		0.42			(0.70	)		(0.65	)