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

.

(a development stage enterprise)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(In thousands, except share and per share amounts)

(Unaudited)

Three Months Ended Six Months Ended

June 30, June 30,

2008 2007 2008 2007

Operating expenses:

Research and development $12,984 $6,316 $24,799 $10,833

Sales, general and

administrative 3,165 2,708 6,305 4,457

Total operating expenses 16,149 9,024 31,104 15,290

Loss from operations (16,149) (9,024) (31,104) (15,290)

Other income (expense),

net (308) 336 347 (58)

Net loss (16,457) (8,688) (30,757) (15,348)

Cumulative stock dividend

attributable to preferred

stockholders - (2,290) - (3,673)

Net loss attributable to

common stockholders $(16,457) $(10,978) $(30,757) $(19,021)

Net loss per share

attributable to common

stockholders, basic and

diluted $(0.81) $(14.29) $(1.52) $(25.11)

Weighted-average common

shares used in computing

net loss per share

attributable to common

stockholders, basic

and diluted 20,314,390 768,212 20,262,318 757,536


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SOURCE MAP Pharmaceuticals, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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