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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2015
Cash flows from operating activities:      
Net loss $ (153,266,286) $ (59,135,716) $ (48,123,971)
Adjustments to reconcile net loss to net cash used in operating activities:      
Change in fair value of warrant liabilities 61,073,808    
Warrant related expense 7,649,395    
Depreciation and amortization 923,348 737,661 578,066
Amortization of deferred revenue (79,292) (202,088) (5,712)
Amortization of bond premiums 218,426 669,858 544,208
Amortization of debt issuance costs 729,821 729,821 281,791
Amortization of deferred rent 8,996 99,516 99,516
Loss (gain) on sale of marketable securities 15,682 (1,844) (11,015)
(Decrease) increase in allowance for doubtful accounts (61,932) 20,369 (34,432)
Non-cash expense related to stock compensation 4,333,430 3,740,526 2,788,677
Non-cash decrease in value of life insurance policy   20,566 155,544
Non-cash financing expenses 346,568    
Changes in operating assets and liabilities      
Accounts receivable 102,640 (190,300) 271,820
Inventory (195,958) 256,381 328,126
Other receivables 223,340 620,300 (553,966)
Prepaid expenses 146,871 97,948 478,794
Other current assets (241,775) 761,803 (776,975)
Accounts payable and accrued expenses 15,807,887 3,147,606 4,946,099
Deferred revenues 14,887 165,793 37,221
Net cash used in operating activities (62,250,144) (48,461,800) (38,996,209)
Cash flows from investing activities:      
Purchases of marketable securities (131,610,011) (2,749,117) (86,307,071)
Proceeds from sales/maturities of marketable securities 57,183,499 50,850,088 34,491,153
Purchases of property and equipment (1,837,167) (2,226,256) (924,429)
Net cash (used in) provided by investing activities (76,263,679) 45,874,715 (52,740,347)
Cash flows from financing activities:      
Sale of preferred stock, net of related expenses 121,781,941    
Proceeds from public offering of common stock, net of expenses 28,578,473    
Proceeds from sale of common stock to Seattle Genetics, Inc. 14,700,000    
Proceeds from issuance of convertible senior notes     100,000,000
Payment of debt issuance costs     (3,657,215)
Exercise of stock options 4,290,103 2,732,962 2,959,930
Tax withholding payments for stock compensation (547,021) (368,984) (585,725)
Net cash provided by financing activities 168,803,496 2,363,978 98,716,990
Effect of changes in exchange rates on cash and cash equivalents (99,728) (26,043) (489,153)
Net increase (decrease) in cash and cash equivalents 30,189,945 (249,150) 6,491,281
Cash and cash equivalents beginning of the year 13,203,625 13,452,775 6,961,494
Cash and cash equivalents end of the year 43,393,570 13,203,625 13,452,775
Supplemental disclosure of cash flow information:      
Interest paid 4,750,000 4,802,778  
Income taxes paid $ 23,636 $ 28,679 $ 75,598