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MAP Pharmaceuticals Raises $60 Million In IPO

Tuesday, October 09, 2007 5:00:00 AM PDT | VentureDeal Staff

MOUNTAIN VIEW, CA -- MAP Pharmaceuticals, Inc. (Nasdaq: MAPP) publicly traded it shares for the first time, raising $60 million in gross proceeds from its IPO.

MAP is developing its proprietary Tempo Inhaler platform, a pressurized metered-dose inhaler (pMDI) that's designed to help deliver respiratory and systemic drug therapies via the pulmonary tract.

The company's investors included the D.E. Shaw Group, Perseus, LLC, Pequot Ventures, Skyline Ventures and Bay City Capital.

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