Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
REVENUES:
License revenue	$ 0	$ 8,019,415	$ 0	$ 12,951,730
OPERATING EXPENSES:
Research and development	11,272,307	4,273,571	21,870,021	7,197,537
General and administrative	1,356,117	1,423,206	2,556,054	2,537,667
Total operating expenses	12,628,424	5,696,777	24,426,075	9,735,204
(Loss) income from operations	(12,628,424)	2,322,638	(24,426,075)	3,216,526
OTHER INCOME (EXPENSE):
Interest income	8,234	6,199	23,974	9,998
Interest expense	(629,494)	(31,857)	(1,257,502)	(33,587)
Foreign exchange transaction loss	0	(51,700)	0	(152,983)
Total other income (expense), net	(621,260)	(77,358)	(1,233,528)	(176,572)
(Loss) income before income taxes	(13,249,684)	2,245,280	(25,659,603)	3,039,954
Income tax benefit	0	531,508	0	531,508
NET (LOSS) INCOME	$ (13,249,684)	$ 2,776,788	$ (25,659,603)	$ 3,571,462
Basic net (loss) income per common share	$ (0.08)	$ 0.03	$ (0.16)	$ 0.03
Diluted net (loss) income per common share	$ (0.08)	$ 0.03	$ (0.16)	$ 0.03
Weighted average number of common shares outstanding used in computing basic net (loss) income per common share	156,358,586	109,314,460	156,268,094	108,134,179
Weighted average number of common shares outstanding used in computing diluted net (loss) income per common share	156,358,586	109,815,718	156,268,094	108,888,313