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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 12 Months Ended
Jun. 30, 2011
Mar. 31, 2011
Dec. 31, 2010
Sep. 30, 2010
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2010
Revenues:              
Research and development support $ 1,566 $ 2,190 $ 2,005 $ 1,495 $ 4,517 $ 7,256 $ 5,365
License and milestone fees 2,859 858 866 1,810 9,161 6,393 5,698
Clinical materials revenue 2,080 2,163 1,307 106 2,679 5,656 2,880
Total revenues 6,505 5,211 4,178 3,411 16,357 19,305 13,943
Operating Expenses:              
Research and development 18,261 15,763 16,004 13,425 69,192 63,453 50,280
General and administrative 4,438 4,550 3,688 3,364 20,422 16,040 14,898
Total operating expenses 22,699 20,313 19,692 16,789 89,614 79,493 65,178
Loss from operations (16,194) (15,102) (15,514) (13,378) (73,257) (60,188) (51,235)
Investment income, net         66 218 176
Other (expense) income, net 44 99 1,281 490 (128) 1,696 (118)
Loss before benefit for income taxes (16,150) (15,003) (14,233) (12,888) (73,319) (58,274) (51,177)
Benefit for income taxes             (265)
Net loss $ (16,150) $ (15,003) $ (14,233) $ (12,888) $ (73,319) $ (58,274) $ (50,912)
Basic and diluted net loss per common share (in dollars per share) $ (0.23) $ (0.22) $ (0.21) $ (0.19) $ (0.95) $ (0.85) $ (0.87)
Basic and diluted weighted average common shares outstanding (in shares)         76,814 68,919 58,845