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MAP Pharmaceuticals Reports First Quarter of 2008 Financial Results
Date:5/12/2008

aine program. Actual results may differ materially from current expectations based on risks and uncertainties affecting MAP Pharmaceuticals' business, including, without limitation, risks and uncertainties relating to the manufacture and qualification of clinical supply materials, our reliance on third-party manufacturers and the commencement, enrollment and conduct of clinical trials. The reader is cautioned not to unduly rely on the forward-looking statements contained in this press release. MAP Pharmaceuticals expressly disclaims any intent or obligation to update these forward-looking statements, except as required by law. Additional information on potential factors that could affect MAP Pharmaceuticals' results and other risks and uncertainties are detailed in its Annual Report on Form 10-K, filed with the SEC on March 20, 2008, and available at http://edgar.sec.gov.

MAP PHARMACEUTICALS, INC.

(a development stage enterprise)

CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands)

(Unaudited)

March 31, December 31,

2008 2007

Assets

Current assets:

Cash, cash equivalents and short-term

investments $81,071 $94,990

Other current assets 859 1,079

Total current assets 81,930 96,069

Property and equipment, net 4,543 4,183

Restricted cash 321 321

Other assets 98 122

Total assets $86,892 $
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SOURCE MAP Pharmaceuticals, Inc.
Copyright©2008 PR Newswire.
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