Balance Sheet Components (Tables)

12 Months Ended

Jun. 30, 2012

Notes to Financial Statements

Schedule of Property Plant and Equipment

Property and equipment, net consists of the following (in thousands):

	June 30,
	2012			2011
Equipment	$	8,017		$	7,024
Leasehold improvements		3,670			2,862
Furniture and fixtures		631			317
		12,318			10,203
Less accumulated depreciation and amortization		(8,476	)		(8,891	)
	$	3,842		$	1,312

Schedule of Accounts Payable and Accrued Liabilities

Accounts payable consists of the following (in thousands):

	June 30,
	2012		2011
Payable for clinical trial expenses	$	1,835	$	1,421
Contract manufacturing		1,524		773
Other accounts payable		5,826		3,490
	$	9,185	$	5,684

Accrued liabilities consist of the following (in thousands):

	June 30,
	2012		2011
Employee compensation	$	1,696	$	1,491
Other		51		93
	$	1,747	$	1,584

Schedule of Deferred Revenue

Deferred revenue consists of the following (in thousands):

Current portion:	June 30,
	2012		2011
Deferred revenue from Janssen	$	8,054	$	-
Deferred revenue from Servier		-		7,000
	$	8,054	$	7,000

Non-current portion:	June 30,
	2012		2011
Deferred revenue from Janssen	$	67,324	$	-
	$	67,324	$	-