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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