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MAP Pharmaceuticals, Inc. Announces Full Exercise of Underwriter's Option to Purchase Additional Shares of Common Stock
Date:8/29/2012

MOUNTAIN VIEW, Calif., Aug. 29, 2012 /PRNewswire/ -- MAP Pharmaceuticals, Inc. (Nasdaq: MAPP) today announced that the underwriter of its recent public offering of common stock fully exercised its option to purchase an additional 582,088 shares of common stock. The issuance of the additional shares has closed, and all of the shares were sold by MAP Pharmaceuticals. The total gross proceeds of the offering (including the proceeds from the offering and the exercise of the option) were approximately $59.8 million, and the total net proceeds were approximately $56.2 million, after deducting underwriting discounts and commissions. MAP Pharmaceuticals intends to use the proceeds from the offering for general corporate purposes and commercialization activities for LEVADEX®, an orally inhaled investigational drug for the acute treatment of migraine. 

BofA Merrill Lynch acted as the sole book-running manager for the offering. 

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.

About MAP Pharmaceuticals
MAP Pharmaceuticals is a biopharmaceutical company focused on developing and commercializing new therapies to address patient needs in neurology. The Company is developing LEVADEX®, an orally inhaled investigational drug for the acute treatment of migraine.

Forward-Looking Statements
Certain of the statements made in this press release are forward looking, such as how MAP Pharmaceuticals intends to use the net proceeds from the offering. Actual results or developments may differ materially from those p
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SOURCE MAP Pharmaceuticals, Inc.
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