Quarterly report pursuant to Section 13 or 15(d)

CONDENSED BALANCE SHEETS

v3.5.0.2
CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 25,950 $ 43,456
Short-term investments 59,305 82,820
Accounts receivable   203
Prepaid and other current assets 1,292 2,545
Total current assets 86,547 129,024
Property and equipment, net 1,294 1,613
Other assets 800 1,110
Total assets 88,641 131,747
Current liabilities:    
Accounts payable 1,518 2,763
Accrued compensation 4,552 6,251
Accrued research and development 7,686 4,953
Other accrued liabilities 1,041 1,133
Deferred revenue   13,427
Deferred liability - sublease, current portion 3,167 3,005
Deferred rent, current portion 2,668 2,264
Total current liabilities 20,632 33,796
Long-term portion of deferred liability - sublease 1,064 3,460
Long-term portion of deferred rent 994 3,083
Other long-term liabilities 8 27
Commitments
Stockholders' equity:    
Preferred stock
Common stock 99 91
Additional paid-in capital 1,111,107 1,082,980
Accumulated other comprehensive gain (loss) 9 (44)
Accumulated deficit (1,045,272) (991,646)
Total stockholders' equity 65,943 91,381
Total liabilities and stockholders' equity $ 88,641 $ 131,747