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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Revenues $ 0 $ 65,297
Operating expenses:    
Research and development 3,923 16,561
General and administrative 13,532 23,295
Impairment of long-lived assets 0 10,899
Total operating expenses 17,455 50,755
(Loss) income from operations (17,455) 14,542
Other income (expense):    
Interest and dividend income 1,026 3,277
Gain on disposition of a non-financial asset 500 0
Other expense, net (16) (41)
Total other income, net 1,510 3,236
Net (loss) income $ (15,945) $ 17,778
Net (loss) income per share - basic and diluted    
Basic $ (2.39) $ 2.67
Diluted $ (2.39) $ 2.67
Weighted-average shares used in computing net (loss) income per share - basic and diluted    
Basic 6,663 6,663
Diluted 6,663 6,663
Revenue from customers    
Revenues $ 0 $ 752
Revenue from collaboration agreements    
Revenues $ 0 $ 64,545