ACCRUED EXPENSES (Details) - USD ($)	Dec. 31, 2015	Jun. 30, 2015
Accrued Expenses
Clinical study costs	$ 5,185,991	$ 5,594,839
Other research related expenses	340,067	176,105
Professional services	98,617	201,831
Other	22,022	250,708
Accrued expenses	$ 5,646,697	$ 6,223,483