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MAP Pharmaceuticals Reports 2008 Fourth Quarter and Year End Financial Results
Date:3/2/2009

$17,076 $8,912 Current portion of long-term debt 6,348 3,820 Total current liabilities 23,424 12,732 Long-term debt, less current portion 14,229 6,357 Other liabilities 60 - Total liabilities 37,713 19,089 Total stockholders' equity 13,147 81,606 Total liabilities and stockholders' equity $50,860 $100,695 MAP PHARMACEUTICALS, INC. (a development stage enterprise) CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands, except share and per share amounts) (Unaudited) Three Months Ended Twelve Months Ended December 31, December 31, 2008 2007 2008 2007 Operating expenses: Research and development $17,663 $13,019 $59,277 $31,362 Sales, general and administrative 3,732 2,744 13,417 9,567 Total operating expenses 21,395 15,763 72,694 40,929 Loss from operations (21,395) (15,763) (72,694) (40,929) Other income (expense), net (413) 893 (234) 869 Net loss (21,808) (14,870) (72,928) (40,060) Cumulative stock dividend attributable to preferred stockholders - - - (5,575) Net loss attributable to common stockholders $(21,808) $(14,870)
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SOURCE MAP Pharmaceuticals, Inc.
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