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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2015 | Sep. 30, 2014 | Sep. 30, 2015 | Sep. 30, 2014
Revenues: |  |  |  |
Revenue from collaborative research | $ 14,681 | $ 18,283 | $ 91,444 | $ 41,886
Grant revenue | 0 | 99 | 1,232 | 435
Total revenues | 14,681 | 18,382 | 92,676 | 42,321
Costs and expenses: |  |  |  |
Research and development | 24,103 | 18,632 | 68,227 | 50,536
General and administrative | 6,021 | 3,678 | 16,050 | 11,081
Total costs and expenses | 30,124 | 22,310 | 84,277 | 61,617
Income (loss) from operations | (15,443) | (3,928) | 8,399 | (19,296)
Other income (expense) | 1 | 0 | (88) | 1
Net comprehensive income (loss) | $ (15,442) | $ (3,928) | $ 8,311 | $ (19,295)
Basic net income (loss) per common share (in dollars per share) | $ (0.46) | $ (0.14) | $ 0.27 | $ (0.71)
Diluted net income (loss) per common share (in dollars per share) | $ (0.46) | $ (0.14) | $ 0.25 | $ (0.71)
Weighted average shares outstanding, basic (in shares) | 33,339,163 | 27,751,437 | 30,952,458 | 27,227,151
Diluted weighted average common shares outstanding (in shares) | 33,339,163 | 27,751,437 | 32,960,233 | 27,227,151

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