Annual report pursuant to Section 13 and 15(d)

Quarterly Financial Information (Tables)

v2.4.1.9
Quarterly Financial Information (Tables)
12 Months Ended
Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information

The following table summarizes the unaudited statements of operations for each quarter of 2014 and 2013 (in thousands, except per share amounts):

 

 

 

March 31

 

 

June 30

 

 

September 30

 

 

December 31

 

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

)

2013

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Collaboration revenue

 

$

5,076

 

 

$

6,340

 

 

$

9,862

 

 

$

8,604

 

Research and development

 

 

10,855

 

 

 

13,263

 

 

 

18,004

 

 

 

13,195

 

General and administrative

 

 

2,500

 

 

 

2,473

 

 

 

2,473

 

 

 

2,446

 

Total expenses

 

 

13,355

 

 

 

15,736

 

 

 

20,477

 

 

 

15,641

 

Other income

 

 

1,582

 

 

 

976

 

 

 

561

 

 

 

359

 

Net loss

 

 

(6,697

)

 

 

(8,420

)

 

 

(10,054

)

 

 

(6,678

)

Basic and diluted net loss per share

 

$

(0.46

)

 

$

(0.57

)

 

$

(0.68

)

 

$

(0.45

)