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Condensed Consolidated Statements of Comprehensive (Loss) Income - USD ($)
shares in Thousands
 3 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Revenues:    
Collaborative research and development $ 180,000 $ 25,081,000
Royalty income 286,000 226,000
Total revenues 466,000 25,307,000
Operating expenses:    
Research and development 3,482,000 2,784,000
General and administrative 1,968,000 1,734,000
Total operating expenses 5,450,000 4,518,000
(Loss) income from operations (4,984,000) 20,789,000
Interest and other income 10,000 3,000
(Loss) income before income taxes (4,974,000) 20,792,000
Income tax benefit (expense) 41,000 (226,000)
Net (loss) income $ (4,933,000) $ 20,566,000
Net (loss) income per common share:    
Basic $ (0.17) $ 0.70
Diluted $ (0.17) $ 0.67
Weighted average common shares:    
Basic 29,416 29,323
Diluted 29,416 30,765
Net (loss) income $ (4,933,000) $ 20,566,000
Other comprehensive (loss) income:    
Foreign currency translation adjustments (28,000) (50,000)
Net unrealized gain (loss) on marketable securities 2,000 (3,000)
Other comprehensive loss (26,000) (53,000)
Comprehensive (loss) income $ (4,959,000) $ 20,513,000