Liability Related to Sale of Future Royalties (Tables)

6 Months Ended

Dec. 31, 2016

Liability Related to Sale of Future Royalties

Schedule of Liability account during the period from the inception of the royalty transaction

The following table shows the activity within the liability account during the six months ended December 31, 2016 and the period from inception (in thousands):

	Six Months		Period from
	Ended		inception to
	December 31,		December 31,
	2016		2016
Liability related to sale of future royalties, net — beginning balance	$	188,899	$	—
Proceeds from sale of future royalties, net		—		194,135
Non-cash Kadcyla royalty revenue		(12,894)		(43,677)
Non-cash interest expense recognized		8,323		33,870
Liability related to sale of future royalties, net  — ending balance	$	184,328	$	184,328