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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenue:        
License and milestone revenue (includes $13,043, $4,860, $16,356 and $9,552 from a related party) $ 73,197 $ 106,879 $ 92,935 $ 118,385
Collaboration services and other revenue (includes $326, $719, $678 and $1,353 from a related party) 16,083 13,671 24,628 18,463
Total revenue 89,280 120,550 117,563 136,848
Operating expenses:        
Research and development 52,392 51,555 96,041 102,094
General and administrative 10,376 9,680 21,794 20,162
Total operating expenses 62,768 61,235 117,835 122,256
Income (loss) from operations 26,512 59,315 (272) 14,592
Interest and other, net        
Interest expense (2,438) (2,762) (5,215) (5,520)
Interest income and other, net 129 707 1,545 1,550
Total interest and other, net (2,309) (2,055) (3,670) (3,970)
Income (loss) before income taxes 24,203 57,260 (3,942) 10,622
Provision for (benefit from) income taxes (113) 205 (418) (66)
Net income (loss) $ 24,316 $ 57,055 $ (3,524) $ 10,688
Net income (loss) per share:        
Basic $ 0.39 $ 0.95 $ (0.06) $ 0.18
Diluted $ 0.35 $ 0.83 $ (0.06) $ 0.15
Weighted average number of common shares used to calculate net income (loss) per share:        
Basic 62,582 59,798 62,383 59,499
Diluted 69,022 68,752 62,383 69,354