Quarterly report pursuant to Section 13 or 15(d)

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenue $ 157 $ 9,038 $ 157 $ 17,234
Operating expenses        
Research and development (25,511) (26,624) (47,530) (52,016)
General and administrative (10,148) (11,291) (21,921) (22,495)
Total operating expenses (35,659) (37,915) (69,451) (74,511)
Operating loss (35,502) (28,877) (69,294) (57,277)
Interest income 757 540 1,709 1,199
Other expense, net (6,277) (15,406) (847) (8,276)
Loss before income taxes (41,022) (43,743) (68,432) (64,354)
Income taxes (65) (102) (67) (229)
Net loss attributable to ordinary shareholders $ (41,087) $ (43,845) $ (68,499) $ (64,583)
Net loss per ordinary share - Basic and diluted        
Basic and diluted (in dollars per share) $ (0.07) $ (0.08) $ (0.11) $ (0.11)
Weighted average shares outstanding:        
Basic and diluted (in shares) 629,355,975 565,197,217 628,655,278 563,804,832
Development revenue        
Revenue $ 157 $ 9,038 $ 157 $ 17,234