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Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2016
Dec. 31, 2015
Revenues:        
License revenue $ 17,101   $ 17,101  
Research and development revenue 98   1,194  
Total revenues 17,199   18,295  
Operating expenses:        
Cost of research and development revenue (1,771)   (2,865)  
Research and development (1,642) $ (3,182) (3,288) $ (5,998)
General and administrative (1,970) (1,945) (4,650) (3,775)
Total operating expenses (5,383) (5,127) (10,803) (9,773)
Income (loss) from operations 11,816 (5,127) 7,492 (9,773)
Other income (expense):        
Interest and dividend income 69 26 124 53
Income tax expense     (1) (1)
Net income (loss) $ 11,885 $ (5,101) $ 7,615 $ (9,721)
Earnings (loss) per share, basic $ 0.32 $ (0.15) $ 0.21 $ (0.28)
Earnings (loss) per share, diluted $ 0.32 $ (0.15) $ 0.21 $ (0.28)
Shares used in computing earnings (loss) per share:        
Basic 37,172,428 34,422,663 36,459,898 34,378,460
Diluted 37,216,532 34,422,663 36,501,134 34,378,460