MAP Pharmaceuticals (MAPP) Director Sells 100K Shares Following 300% Run-Up

May 28, 2009 4:39 PM EDT

After the close, MAP Pharmaceuticals, Inc. (Nasdaq: MAPP) Director Thomas Armer disclosed the sale of 100,000 shares from 5/26-5/27 at prices from $9-$10.01. Armer exercised options on 60,000 shares at $0.74. Armer has a remaining position of 332,403 shares following the sale. In addition, Armer indicated a 10b(5)-1 trading plan.

Shares of MAP Pharmaceuticals are up 320% since last Friday after announcing that efficacy portion of its first Phase 3 clinical trial evaluating its novel LEVADEX orally inhaled migraine therapy met all four primary endpoints.


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