CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2015	Jun. 30, 2015
ASSETS
Cash and cash equivalents	$ 247,843	$ 278,109
Accounts receivable	6,812	5,088
Unbilled revenue	899	714
Inventory	1,246	2,935
Current portion of deferred financing costs	1,136	1,159
Prepaid and other current assets	4,080	4,175
Total current assets	262,016	292,180
Property and equipment, net of accumulated depreciation	18,510	16,254
Deferred financing costs, net of current portion	4,147	4,415
Other assets	911	974
Total assets	285,584	313,823
LIABILITIES AND SHAREHOLDERS' EQUITY
Accounts payable	9,689	8,138
Accrued compensation	3,262	8,346
Other accrued liabilities	9,631	10,441
Current portion of deferred lease incentive	646	646
Current portion of liability related to the sale of future royalties	11,862	7,906
Current portion of deferred revenue	858	333
Total current liabilities	35,948	35,810
Deferred lease incentive, net of current portion	6,139	6,301
Deferred revenue, net of current portion	40,794	40,855
Liability related to the sale of future royalties, net of current portion	186,967	191,756
Other long-term liabilities	4,127	3,997
Total liabilities	$ 273,975	$ 278,719
Commitments and contingencies (Note E)
Shareholders' equity:
Preferred stock, $0.01 par value; authorized 5,000 shares; no shares issued and outstanding
Common stock, $0.01 par value; authorized 150,000 shares; issued and outstanding 86,981 and 86,579 shares as of September 30, 2015 and June 30, 2015, respectively	$ 870	$ 866
Additional paid-in capital	753,349	743,108
Accumulated deficit	(742,610)	(708,870)
Total shareholders' equity	11,609	35,104
Total liabilities and shareholders' equity	$ 285,584	$ 313,823