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Condensed Consolidated Statements Of Operations (USD $)
In Thousands, except Per Share data
3 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Revenues:  
Collaborative research and development$ 1,461$ 74
Royalty income198402
Total revenues1,659476
Operating expenses:  
Research and development2,1291,742
General and administrative2,0612,169
Total operating expenses4,1903,911
Loss from operations(2,531)(3,435)
Other income (expense):  
Change in fair value of derivatives42338
Interest income96
Other expense, net(2)(8)
Total other income49336
Loss before income taxes(2,482)(3,099)
Income tax benefit (expense)55(9)
Net loss$ (2,427)$ (3,108)
Basic and diluted net loss per share$ (0.12)$ (0.17)
Weighted average common shares outstanding:  
Basic and diluted20,75718,531