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MAP Pharmaceuticals Reports Second Quarter of 2008 Financial Results
Date:8/12/2008

her Y. Chai, Chief Financial Officer, +1-650-386-3107 of MAP Pharmaceuticals, Inc., or Julio Cantre, media contact, +1-415-946-1055, of WeissComm Partners.

MAP PHARMACEUTICALS, INC.

(a development stage enterprise)

CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands)

(Unaudited)

June 30, December 31,

2008 2007

Assets

Current assets:

Cash, cash equivalents and short-term

investments $76,185 $94,990

Other current assets 748 1,079

Total current assets 76,933 96,069

Property and equipment, net 5,637 4,183

Restricted cash 321 321

Other assets 36 122

Total assets $82,927 $100,695

Liabilities and stockholders' equity

Current liabilities:

Accounts payable and accrued expenses $9,308 $8,912

Current portion of long-term debt 3,048 3,820

Total current liabilities 12,356 12,732

Long-term debt, less current portion 17,478 6,357

Total liabilities 29,834 19,089

Total stockholders' equity 53,093 81,606

Total liabilities and stockholders'

equity $82,927 $100,695

MAP PHARMACEUTICALS, INC
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SOURCE MAP Pharmaceuticals, Inc.
Copyright©2008 PR Newswire.
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