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STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Costs and expenses:        
Research and development $ 3,720 $ 1,716 $ 9,227 $ 5,170
General and administrative 992 1,101 3,094 3,110
Total costs and expenses 4,712 2,817 12,321 8,280
Loss from operations (4,712) (2,817) (12,321) (8,280)
Interest and other income 53 4 121 7
Interest expense   (1)   (4)
Net loss (4,659) (2,814) (12,200) (8,277)
Change in unrealized loss on marketable securities (19)   (6)  
Comprehensive loss $ (4,678) $ (2,814) $ (12,206) $ (8,277)
Net loss per share:        
Basic and diluted $ (0.51) $ (0.31) $ (1.35) $ (1.54)
Weighted average shares outstanding:        
Basic and diluted 9,068,376 9,034,016 9,062,516 5,358,629