CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2016	Jun. 30, 2016	Jun. 30, 2015
ASSETS
Cash and cash equivalents	$ 159,964	$ 245,026	$ 278,109
Accounts receivable	2,026	883	5,088
Unbilled revenue	6,778	1,409	714
Inventory	2,192	907	2,935
Prepaid and other current assets	5,386	4,881	4,175
Total current assets	176,346	253,106	291,021
Property and equipment, net of accumulated depreciation	19,498	22,704	16,254
Other assets	3,020	3,430	974
Total assets	198,864	279,240	308,249
LIABILITIES AND SHAREHOLDERS' (DEFICIT) EQUITY
Accounts payable	7,895	11,510	8,138
Accrued compensation	6,946	10,724	8,346
Other accrued liabilities	11,150	9,713	10,441
Current portion of deferred lease incentive	784	772	646
Current portion of liability related to the sale of future royalties, net of deferred financing costs of $850, $1,000 and $1,159, respectively	14,470	14,138	6,747
Current portion of deferred revenue	14,531	13,582	333
Total current liabilities	55,776	60,439	34,651
Deferred lease incentive, net of current portion	5,914	6,236	6,301
Deferred revenue, net of current portion	19,086	19,288	40,855
Convertible 4.5% senior notes, net of deferred financing costs of $3,035 and $3,372, respectively	96,965	96,628
Liability related to the sale of future royalties, net of current portion and deferred financing costs of $3,144, $3,473 and $4,415, respectively	169,858	174,761	187,341
Other long-term liabilities	4,115	4,192	3,997
Total liabilities	351,714	361,544	273,145
Commitments and contingencies (Note H)
Shareholders' deficit:
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 87,301, 87,209 and 86,59 shares as of December 31, 2016 and June 30, 2016 and 2015 respectively	873	872	866
Additional paid-in capital	778,847	770,511	743,108
Accumulated deficit	(932,570)	(853,687)	(708,870)
Total shareholders’ (deficit) equity	(152,850)	(82,304)	35,104
Total liabilities and shareholders’ (deficit) equity	$ 198,864	$ 279,240	$ 308,249