Quarterly report pursuant to Section 13 or 15(d)

Share-based compensation

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Share-based compensation
3 Months Ended
Mar. 31, 2017
Share-based compensation  
Share-based compensation

Note 9 — Share-based compensation

 

The following table shows the total share-based compensation expense included in the unaudited consolidated statements of operations (thousands):

 

 

 

Three months ended
March 31,

 

 

 

2017

 

2016

 

 

 

 

 

 

 

Research and development

 

$

1,359

 

$

893

 

General and administrative

 

1,327

 

1,181

 

 

 

 

 

 

 

 

 

$

2,686

 

$

2,074

 

 

 

 

 

 

 

 

 

 

There were 18,950,976 and 13,575,554 options over ordinary shares granted in the three months ended March 31, 2017 and 2016, respectively.  The weighted average fair value of stock options granted in the three months ended March 31, 2017 and March 31, 2016 was $0.34 and $0.89, respectively.

 

At March 31, 2017, there were 3,224,600 share options granted to nonemployees outstanding.  The total share based compensation relating to these options was an expense of $205,000 and a benefit of $314,000 in the three months ended March 31, 2017 and 2016, respectively.