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Map Pharmaceuticals To Offer 3.5 Million Common Shares

August 6, 2009 (FinancialWire) — Map Pharmaceuticals, Inc. (NASDAQ: MAPP) plans to offer 3.5 million shares of its common stock in a public offering. Deutsche Bank Securities (NYSE: DB) is acting as sole book-running manager.

The company plans to grant to the underwriters of the offering an option to purchase 500,000 additional shares of common stock to cover over-allotments.

Mountain View, California-based Map Pharmaceuticals develops and commercializes drug therapies. The company is developing Levadex inhaled therapy for the potential treatment of migraine and has reported positive results from the efficacy portion of the first Phase 3 trial of the drug.

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