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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2011
Dec. 31, 2010
Revenues:        
Research and development support $ 945 $ 2,005 $ 2,013 $ 3,500
License and milestone fees 6,025 866 7,212 2,676
Clinical materials reimbursement 647 1,307 928 1,413
Total revenues 7,617 4,178 10,153 7,589
Operating Expenses:        
Research and development 15,559 16,004 32,720 29,429
General and administrative 4,834 3,688 9,675 7,052
Total operating expenses 20,393 19,692 42,395 36,481
Loss from operations (12,776) (15,514) (32,242) (28,892)
Other income, net 23 1,281 6 1,771
Loss before provision for income taxes (12,753) (14,233) (32,236) (27,121)
Provision for income taxes 0   0  
Net loss $ (12,753) $ (14,233) $ (32,236) $ (27,121)
Basic and diluted net loss per common share (in dollars per share) $ (0.17) $ (0.21) $ (0.42) $ (0.40)
Basic weighted average common shares outstanding (in shares) 76,523 67,965 76,443 67,961
Diluted weighted average common shares outstanding (in shares) 76,523 67,965 76,443 67,961