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Stock-based compensation (Tables)
6 Months Ended
Jun. 30, 2013
Stock-based compensation  
Summary of share-based compensation expense

 

 

 

 

 

 

 

 

 

 

 

Period

 

 

 

 

 

 

 

 

 

 

 

from April 5,

 

 

 

Three Months

 

Six Months

 

2011

 

 

 

Ended,

 

Ended,

 

(inception)

 

 

 

June 30,

 

June 30,

 

to June 30,

 

 

 

2013

 

2012

 

2013

 

2012

 

2013

 

Research and development

 

$

609

 

$

256

 

$

1,035

 

$

493

 

$

2,447

 

General and administrative

 

765

 

43

 

1,176

 

113

 

1,492

Schedule of assumptions used to estimate fair value of each stock-based option award on the grant date using the Black-Scholes option pricing model

 

 

 

Three months ended June 30,

 

Six months ended June 30,

 

 

 

2013

 

2012

 

2013

 

2012

 

Volatility

 

83 - 86%

 

84 - 87%

 

83 – 91%

 

84 - 87%

 

Risk-free interest rate

 

1.2 – 1.4%

 

0.8 - 1.2%

 

0.9 – 1.4%

 

0.8 - 1.2%

 

Dividend yield

 

 

 

 

 

Expected term

 

5.3 - 6.1

 

5.1 - 6.1

 

5.3 - 6.1

 

5.1 - 6.1