CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2016	Jun. 30, 2015
ASSETS
Cash and cash equivalents	$ 182,913	$ 278,109
Accounts receivable	104	5,088
Unbilled revenue	1,027	714
Inventory	908	2,935
Current portion of deferred financing costs	1,018	1,159
Prepaid and other current assets	7,334	4,175
Total current assets	193,304	292,180
Property and equipment, net of accumulated depreciation	22,404	16,254
Deferred financing costs, net of current portion	3,714	4,415
Other assets	2,925	974
Total assets	222,347	313,823
LIABILITIES AND SHAREHOLDERS' EQUITY
Accounts payable	10,100	8,138
Accrued compensation	6,589	8,346
Other accrued liabilities	9,150	10,441
Current portion of deferred lease incentive	651	646
Current portion of liability related to the sale of future royalties	13,001	7,906
Current portion of deferred revenue	339	333
Total current liabilities	39,830	35,810
Deferred lease incentive, net of current portion	5,836	6,301
Deferred revenue, net of current portion	32,015	40,855
Liability related to the sale of future royalties, net of current portion	181,636	191,756
Other long-term liabilities	4,173	3,997
Total liabilities	$ 263,490	$ 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 87,000 and 86,579 shares as of March 31, 2015 and June 30, 2015, respectively	$ 871	$ 866
Additional paid-in capital	765,751	743,108
Accumulated deficit	(807,765)	(708,870)
Total shareholders' equity	(41,143)	35,104
Total liabilities and shareholders' equity	$ 222,347	$ 313,823