XML 16 R12.htm IDEA: XBRL DOCUMENT v2.3.0.15
COMMITMENTS AND CONTINGENCIES
3 Months Ended
Sep. 30, 2011
COMMITMENTS AND CONTINGENCIES [Abstract] 
COMMITMENTS AND CONTINGENCIES
NOTE 5: - COMMITMENTS AND CONTINGENCIES
 
 
Commitments and contingencies that occurred during the three months ended September 30, 2011 includes the following:
 
 
a.
An amount of $686 was pledged by the Company to secure the hedging transactions, credit line and bank guarantees.
 
 
b.
In July 2011 the Company has entered into an agreement with MTM - Scientific Industries Center Haifa Ltd., for the leasing and construction of a new state-of-the-art GMP manufacturing facility. The new facility will be located near the Company's headquarters and existing facilities in MATAM Park, Haifa, Israel. According to the agreement, the lease of the new facility is expected to commence in January 2012 for a period of approximately 5 years with an option to extend the lease for an additional 5 years period.
 
The Company has issued an additional bank guarantee in favor of MTM in the amount of approximately $263.