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INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
 9 Months Ended
Mar. 31, 2013
Mar. 31, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (14,165) $ (10,659)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 592 312
Stock-based compensation to employees, directors and non-employees consultants 2,105 3,533
Stock compensation to investor relations consultants 278 1
Increase in other accounts receivable (515) (1,586)
Decrease (increase) in prepaid expenses (448) 142
Decrease in trade payables 209 375
Increase in other accounts payable and accrued expenses 1,612 52
Increase (decrease) in deferred revenues (584) 4,385
Increase (decrease) in advance payment from United Therapeutics (1,009) 1,509
Linkage differences and Increase (decrease) interest on short and long-term deposit and restricted lease deposit (158) (265)
Accretion of discount, amortization of premium and changes in accrued interest from marketable securities 169 (174)
Loss from sale of investments of available for sale marketable securities 21   
Accrued severance pay, net 19 30
Net cash used in operating activities (11,874) (2,345)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (3,247) (1,313)
Investment in short-term deposits (1,408) (21,627)
Repayment (investment) in long-term deposits 489 (526)
Repayment of long-term restricted deposit 12 6
Proceeds from sale and redemption of available for sale marketable securities 1,030 750
Investment in available for sale marketable securities (2,537) (6,566)
Net cash used in investing activities (5,661) (29,276)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Issuance of common stock and warrants, net of issuance costs 34,106   
Exercise of warrants and options 1,861 397
Net cash provided by financing activities 35,967 397
Increase (decrease) in cash and cash equivalents 18,432 (31,224)
Cash and cash equivalents at the beginning of the period 9,389 42,829
Cash and cash equivalents at the end of the period 27,821 11,605
(a) Supplemental disclosure of cash flow activities:    
Cash paid during the period for taxes due to non-deductible expenses 15 12
(b) Supplemental disclosure of non-cash activities:    
Purchase of property and equipment on credit 1,738 100
Stock based compensation to contractor $ 1,400 $ 1,155