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v3.7.0.1

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016
Revenue: |  |  |  |
License and milestone revenue (includes $4,278, $13,043, $7,527 and $16,356 from a related party) | $ 21,352 | $ 73,197 | $ 40,933 | $ 92,935
Collaboration services and other revenue (includes $445, $326, $785 and $678 from a related party) | 7,645 | 16,083 | 14,955 | 24,628
Total revenue | 28,997 | 89,280 | 55,888 | 117,563
Operating expenses: |  |  |  |
Research and development | 46,981 | 52,392 | 93,713 | 96,041
General and administrative | 13,425 | 10,376 | 24,955 | 21,794
Total operating expenses | 60,406 | 62,768 | 118,668 | 117,835
Income (loss) from operations | (31,409) | 26,512 | (62,780) | (272)
Interest and other, net |  |  |  |
Interest expense | (2,757) | (2,438) | (5,132) | (5,215)
Interest income and other, net | 1,031 | 129 | 1,677 | 1,545
Total interest and other, net | (1,726) | (2,309) | (3,455) | (3,670)
Income (loss) before income taxes | (33,135) | 24,203 | (66,235) | (3,942)
Provision for (benefit from) income taxes | 48 | (113) | 109 | (418)
Net income (loss) | $ (33,183) | $ 24,316 | $ (66,344) | $ (3,524)
Net income (loss) per share: |  |  |  |
Basic | $ (0.48) | $ 0.39 | $ (0.99) | $ (0.06)
Diluted | $ (0.48) | $ 0.35 | $ (0.99) | $ (0.06)
Weighted average number of common shares used to calculate net income (loss) per share: |  |  |  |
Basic | 69,638 | 62,582 | 66,853 | 62,383
Diluted | 69,638 | 69,022 | 66,853 | 62,383

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