Annual report pursuant to Section 13 and 15(d)

STATEMENTS OF OPERATIONS

v3.3.1.900
STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
STATEMENTS OF OPERATIONS      
Contract revenues from collaborations $ 28,895 $ 8,250 $ 7,150
Costs and expenses:      
Research and development 62,825 67,696 75,328
General and administrative 17,813 22,501 19,612
Loss on sublease   9,302  
Restructuring charges     1,679
Total costs and expenses 80,638 99,499 96,619
Loss from operations (51,743) (91,249) (89,469)
Interest income 222 243 426
Gain on disposal of assets 57 98 16
Net loss $ (51,464) $ (90,908) $ (89,027)
Net loss per share, basic and diluted (in dollars per share) $ (0.58) $ (1.04) $ (1.02)
Weighted average shares used in computing net loss per share, basic and diluted (in shares) 88,434 87,662 87,288