CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2015	Jun. 30, 2015
ASSETS
Cash and cash equivalents	$ 212,283	$ 278,109
Accounts receivable	803	5,088
Unbilled revenue	885	714
Inventory	1,537	2,935
Current portion of deferred financing costs	1,120	1,159
Prepaid and other current assets	6,618	4,175
Total current assets	223,246	292,180
Property and equipment, net of accumulated depreciation	21,518	16,254
Deferred financing costs, net of current portion	3,874	4,415
Other assets	2,942	974
Total assets	251,580	313,823
LIABILITIES AND SHAREHOLDERS' EQUITY
Accounts payable	13,404	8,138
Accrued compensation	5,455	8,346
Other accrued liabilities	7,718	10,441
Current portion of deferred lease incentive	646	646
Current portion of liability related to the sale of future royalties	15,132	7,906
Current portion of deferred revenue	1,545	333
Total current liabilities	43,900	35,810
Deferred lease incentive, net of current portion	5,978	6,301
Deferred revenue, net of current portion	32,041	40,855
Liability related to the sale of future royalties, net of current portion	182,176	191,756
Other long-term liabilities	4,171	3,997
Total liabilities	$ 268,266	$ 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 87,040 and 86,579 shares as of December 31, 2015 and June 30, 2015, respectively	$ 870	$ 866
Additional paid-in capital	758,281	743,108
Accumulated deficit	(775,837)	(708,870)
Total shareholders' equity	(16,686)	35,104
Total liabilities and shareholders' equity	$ 251,580	$ 313,823