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MAP Pharmaceuticals Reports Third Quarter of 2008 Financial Results
Date:11/12/2008

$68,810 $100,695

Liabilities and stockholders' equity

Current liabilities:

Accounts payable and accrued expenses $14,360 $8,912

Current portion of long-term debt 4,725 3,820

Total current liabilities 19,085 12,732

Long-term debt, less current portion 15,827 6,357

Other liabilities 41 -

Total liabilities 34,953 19,089

Total stockholders' equity 33,857 81,606

Total liabilities and stockholders' equity $68,810 $100,695

MAP PHARMACEUTICALS, INC.

(a development stage enterprise)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(In thousands, except share and per share amounts)

(Unaudited)

Three Months Ended Nine Months Ended

September 30, September 30,

2008 2007 2008 2007

Operating expenses:

Research and

development $16,815 $7,510 $41,614 $18,343

Sales, general and

administrative 3,380 2,366 9,685 6,823

Total operating expenses 20,195 9,876 51,299 25,166

Loss from operations (20,195) (9,876) (51,299) (25,166)

Other income (expense), net (168) 34 179 (24)

Net loss (20,363) (9,842) (51,120) (25,190)

Cumulative stock

dividend attributable

to preferred

stockholders


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

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