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

MAP Pharmaceuticals' financial outlook is based on current expectations.  The following statements are forward looking, and actual results could differ materially depending on market conditions and the factors set forth under "Forward-Looking Statements."

In 2010 the company currently anticipates operating expenses, excluding non-cash share-based compensation and depreciation to be approximately $42 to $46 million.  In addition, the company currently anticipates capital expenditures to be approximately $3 to $4 million.  As previously disclosed, the company has loan payments of approximately $8 million in 2010 related to a working capital loan.  

About MAP Pharmaceuticals

MAP Pharmaceuticals is dedicated to developing and commercializing new therapies for patients suffering from conditions that are not adequately treated by currently available medicines. The company is developing LEVADEX inhaled therapy for the potential treatment of migraine and has reported positive results from the efficacy portion of its Phase 3 trial of LEVADEX. In addition, MAP Pharmaceuticals generates n
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SOURCE MAP Pharmaceuticals, Inc.
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