Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (Unaudited)

v2.4.0.8
Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
OPERATING ACTIVITIES    
Net loss $ (15,117) $ (11,075)
Adjustments to reconcile net loss to net cash used in operating activities:    
Gain on warrants (2,335) (214)
Depreciation 100 43
Stock-based compensation [note 5[c]] 1,603 1,029
Changes in operating assets and liabilities:    
Interest receivable 27 (109)
Amounts receivable (5,725) (35)
Prepaid expenses 140 (7,154)
Accounts payable (1,199) (896)
Accrued liabilities 5,093 718
Accrued compensation (404) (156)
Restricted Cash    63
Excess lease liability [note 6] (331) (388)
Lease Obligations (10) 12
Deferred collaboration revenue    (2,899)
Cash used in operating activities (18,158) (21,061)
FINANCING ACTIVITIES    
Proceeds from exercise of stock options 10 114
Issuance of common shares, net of share issue costs    53,777
Cash provided by financing activities 10 53,891
INVESTING ACTIVITIES    
Purchase of investments (30,065) (74,302)
Proceeds from maturities of investments 49,130 26,905
Purchase of property and equipment (225) (89)
Cash provided by (used in) investing activities 18,840 (47,486)
Effect of exchange rate changes on cash (18) (19)
Increase (decrease) in cash and cash equivalents during the period 674 (14,675)
Cash and cash equivalents, beginning of the period 18,075 28,517
Cash and cash equivalents, end of the period 18,749 13,842
Supplemental cash flow information    
Property and equipment acquired under lease obligation $ 24