CONSOLIDATED STATEMENTS OF OPERATIONS (USD $) In Thousands, except Per Share data	3 Months Ended
Sep. 30, 2011	Sep. 30, 2010
Revenues:
Research and development support	$ 1,068	$ 1,495
License and milestone fees	1,187	1,810
Clinical materials reimbursement	281	106
Total revenues	2,536	3,411
Operating Expenses:
Research and development	17,161	13,425
General and administrative	4,841	3,364
Total operating expenses	22,002	16,789
Loss from operations	(19,466)	(13,378)
Other (expense) income, net	(17)	490
Loss before provision for income taxes	(19,483)	(12,888)
Net loss	$ (19,483)	$ (12,888)
Basic and diluted net loss per common share (in dollars per share)	$ (0.26)	$ (0.19)
Basic weighted average common shares outstanding (in shares)	76,364	67,944
Diluted weighted average common shares outstanding (in shares)	76,364	67,944

Revenue from multiple-deliverable arrangements that include milestone and licensing fees revenue. Milestone revenue is consideration received upon achieving contractual goals. Licensing revenue is consideration received from another party for the right to use, but not own, certain of the entity's intangible assets.

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