CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2016	Jun. 30, 2015
ASSETS
Cash and cash equivalents	$ 245,026	$ 278,109
Accounts receivable	883	5,088
Unbilled revenue	1,409	714
Inventory	907	2,935
Current portion of deferred financing costs	1,674	1,159
Prepaid and other current assets	4,881	4,175
Total current assets	254,780	292,180
Property and equipment, net of accumulated depreciation	22,704	16,254
Deferred financing costs, net of current portion	6,171	4,415
Other assets	3,430	974
Total assets	287,085	313,823
LIABILITIES AND SHAREHOLDERS' (DEFICIT) EQUITY
Accounts payable	11,510	8,138
Accrued compensation	10,724	8,346
Other accrued liabilities	9,713	10,441
Current portion of deferred lease incentive	772	646
Current portion of liability related to the sale of future royalties	15,138	7,906
Current portion of deferred revenue	13,582	333
Total current liabilities	61,439	35,810
Deferred lease incentive, net of current portion	6,236	6,301
Deferred revenue, net of current portion	19,288	40,855
Convertible 4.5% senior notes	100,000
Liability related to the sale of future royalties, net of current portion	178,234	191,756
Other long-term liabilities	4,192	3,997
Total liabilities	369,389	278,719
Commitments and contingencies
Shareholders' (deficit) 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 87,209 and 86,579 shares as of June 30, 2016 and June 30, 2015, respectively	872	866
Additional paid-in capital	770,511	743,108
Accumulated deficit	(853,687)	(708,870)
Total shareholders' (deficit) equity	(82,304)	35,104
Total liabilities and shareholders' (deficit) equity	$ 287,085	$ 313,823