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MAP Pharmaceuticals Reports 2009 Fourth Quarter and Year End Financial Results
Date:3/2/2010

um of migraine, including subpopulations that are resistant to current treatments such as triptans.
  • Published results from an in vitro study of LEVADEX exploring the potential mechanisms by which the PK and PD of the compound may produce fewer adverse events than those seen in intravenous dihydroergotamine in Headache: The Journal of Head and Face Pain.

  • Corporate

    • Raised gross proceeds of $34 million in a common stock offering.
    • Secured a committed equity financing facility under which the company may sell up to $60 million of its common stock to Azimuth Opportunity Ltd, and raised gross proceeds of $20 million through this facility.
    • Received $54 million pursuant to the license agreement with former partner AstraZeneca.
    • Appointed Alan Petro as Vice President, Manufacturing and Technical Operations—a key hire as the Company prepares for the potential commercialization of LEVADEX.  Mr. Petro brings more than 25 years of product/process development and manufacturing operations experience.


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