Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS

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CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Dec. 31, 2015
CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS      
Revenue $ 2,918 $ 2,728 $ 8,979
Operating expenses      
Research and development (13,888) (5,976) (24,244)
General and administrative (5,855) (2,359) (11,145)
Total operating expenses (including $780,000 (2015: $1,147,000) in relation to related parties, net of reimbursements) (19,743) (8,335) (35,389)
Operating loss (16,825) (5,607) (26,410)
Interest income 259 110 489
Other income, net 1,049 3,603 2,866
Total other income, net 1,308 3,713 3,355
Loss before income taxes (15,517) (1,894) (23,055)
Income taxes (59) (51) 55
Net loss (15,576) (1,945) $ (23,000)
Deemed dividend on convertible preferred shares   (6,434)  
Net loss available to ordinary shareholders $ (15,576) $ (8,379)  
Net loss per ordinary share basic and diluted (Note 2) (in dollars per share) $ (0.04) $ (0.05) $ (0.05)
Weighted average shares outstanding, basic and diluted (in shares) 424,711,900 181,370,100