Annual report pursuant to Section 13 and 15(d)

Quarterly Financial Information (Tables)

v3.3.1.900
Quarterly Financial Information (Tables)
12 Months Ended
Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information

The following table summarizes the unaudited statements of operations for each quarter of 2015 and 2014 (in thousands, except per share amounts):

 

 

 

March 31

 

 

June 30

 

 

September 30

 

 

December 31

 

2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Collaboration revenue

 

$

1,374

 

 

$

4,025

 

 

$

6,737

 

 

$

6,024

 

Research and development

 

 

3,673

 

 

 

6,545

 

 

 

8,303

 

 

 

6,587

 

General and administrative

 

 

2,698

 

 

 

3,067

 

 

 

3,125

 

 

 

2,915

 

Total expenses

 

 

6,371

 

 

 

9,612

 

 

 

11,428

 

 

 

9,502

 

Other income

 

 

480

 

 

 

(423

)

 

 

141

 

 

 

1,756

 

Net loss

 

 

(4,517

)

 

 

(6,010

)

 

 

(4,550

)

 

 

(1,722

)

Basic and diluted net loss per share

 

$

(0.20

)

 

$

(0.26

)

 

$

(0.16

)

 

$

(0.06

)

2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Collaboration revenue

 

$

11,731

 

 

$

4,929

 

 

$

4,803

 

 

$

5,653

 

Research and development

 

 

16,903

 

 

 

9,883

 

 

 

9,586

 

 

 

9,852

 

General and administrative

 

 

2,757

 

 

 

2,676

 

 

 

2,459

 

 

 

2,733

 

Restructuring gain

 

 

 

 

 

 

 

 

 

 

 

(267

)

Total expenses

 

 

19,660

 

 

 

12,559

 

 

 

12,045

 

 

 

12,318

 

Other income

 

 

(707

)

 

 

615

 

 

 

2,335

 

 

 

983

 

Net loss

 

 

(8,636

)

 

 

(7,015

)

 

 

(4,907

)

 

 

(5,682

)

Basic and diluted net loss per share

 

$

(0.59

)

 

$

(0.47

)

 

$

(0.23

)

 

$

(0.26

)