Quarterly report pursuant to Section 13 or 15(d)

BALANCE SHEETS

v2.4.0.8
BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 12,814 $ 20,854
Available-for-sale securities 144,858 191,121
Accounts receivable   5,750
Prepaid and other current assets 1,271 2,350
Total current assets 158,943 220,075
Property and equipment, net 2,862 4,455
Other assets 1,414 1,528
Total assets 163,219 226,058
Current liabilities:    
Accounts payable 1,018 3,903
Accrued compensation 3,636 2,849
Accrued research and development 3,026 1,588
Other accrued liabilities 880 746
Deferred rent, current portion 1,641 1,208
Total current liabilities 10,201 10,294
Long-term portion of deferred rent 6,111 7,439
Other long-term liabilities 57 74
Commitments and contingencies      
Stockholders' equity:    
Preferred stock      
Common stock 88 88
Additional paid-in capital 1,064,656 1,057,390
Accumulated other comprehensive income 16 47
Accumulated deficit (917,910) (849,274)
Total stockholders' equity 146,850 208,251
Total liabilities and stockholders' equity $ 163,219 $ 226,058