Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
COSTS AND EXPENSES:        
Research and development $ 5,466 $ 10,314 $ 23,653 $ 26,014
General and administrative 2,143 2,966 7,806 8,746
Total costs and expenses 7,609 13,280 31,459 34,760
Operating loss (7,609) (13,280) (31,459) (34,760)
Interest income, net 31 30 99 66
NET LOSS $ (7,578) $ (13,250) $ (31,360) $ (34,694)
Net loss per common share, basic and diluted (in dollars per share) $ (0.29) $ (0.72) $ (1.45) $ (2.15)
Weighted average common shares outstanding, basic and diluted (in shares) 26,131,085 18,423,816 21,601,574 16,103,382