Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

v2.4.0.8
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
OPERATING ACTIVITIES    
Net loss $ (25,171) $ (16,995)
Adjustments to reconcile net loss to net cash used in operating activities:    
Gain on warrants (2,874) (2,522)
Depreciation 162 71
Stock-based compensation [note 5[c]] 2,490 1,610
Changes in operating assets and liabilities:    
Interest receivable 32 (144)
Amounts receivable (9,208) (182)
Prepaid expenses and other assets 1,019 (8,705)
Accounts payable (1,290) (162)
Accrued liabilities 7,154 2,494
Accrued compensation (184) 169
Restricted Cash   63
Excess lease liability [note 6] (504) (589)
Lease Obligations (15) 22
Deferred collaboration revenue   (9,126)
Cash used in operating activities (28,389) (33,996)
FINANCING ACTIVITIES    
Proceeds from exercise of stock options 10 460
Issuance of common shares, net of share issue costs   53,777
Cash provided by financing activities 10 54,237
INVESTING ACTIVITIES    
Purchase of investments (31,615) (84,313)
Proceeds from maturities of investments 55,096 47,012
Purchase of property and equipment (234) (114)
Cash provided by (used in) investing activities 23,247 (37,415)
Effect of exchange rate changes on cash 7 19
Decrease in cash and cash equivalents during the period (5,125) (17,155)
Cash and cash equivalents, beginning of the period 18,075 28,517
Cash and cash equivalents, end of the period 12,950 11,362
Supplemental cash flow information    
Property and equipment acquired under lease obligation $ 24