mappharma.com
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Skip to contentGlobal Locations Contact UsSearch About UsHistory Leadership Global Locations What We TreatEye Care:Dry Eye Glaucoma Other Eye Conditions Neurosciences:Blepharospasm Cervical Dystonia StrabismusObesity Intervention Medical Aesthetics:Breast Aesthetics Facial Aesthetics Medical Dermatology:Acne Psoriasis Severe Primary Axillary Hyperhidrosis Other Skin Conditions Urologics:Overactive BladderProductsEye Care Neurosciences Obesity Intervention Medical Aesthetics: Breast and Facial Medical DermatologyUrologicsR&DPipeline Corporate Research Collaborations Allergan Clinical Trials Excellence in ResearchNewsroom Fast Facts Press Releases Investors Earnings Releases Stock Information Financial Reports Non-GAAP Financial Reconciliation Corporate Governance & Certificates Webcasts & Transcripts Analyst Coverage Shareholder Information Contact Information ResponsibilityAllergan Foundation Patient Resources Physician Resources Professional Affiliations Unrestricted Educational Grants Political Contributions Compliance Environmental Health and Safety Animal Testing CareersCulture Benefits Recognizing Excellence Job Search My Candidate Profile My Waco Profile FAQ -->-->-->-->In this Section:Overview Fast FactsPress Releases2013201220112010 2009 2008 2007 2006 2005 ArchivesRelated Links:Corporate Overview Leadership PipelineAllergan, Inc. to Acquire MAP Pharmaceuticals, Inc.Acquisition Enhances Allergan Leadership Position in Neurology andMigraine SpecialtyIRVINE, Calif. & MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Allergan, Inc. (NYSE:AGN) and MAP Pharmaceuticals, Inc. (Nasdaq: MAPP)today jointly announced that they have entered into a definitive mergeragreement whereby Allergan will acquire 100% of the shares of MAPPharmaceuticals for a price of $25.00 per share. MAP Pharmaceuticals isa biopharmaceutical company focused on developing and commercializingnew therapies in Neurology, including LEVADEX®, an orally inhaled drugfor the potential acute treatment of migraine in adults. LEVADEX® iscurrently under review with the U.S. Food and Drug Administration (FDA).The transaction, which has been unanimously approved by the boards ofdirectors of both companies, will be accomplished pursuant to a cashtender offer followed by a second step merger. The per share cash offerprice represents a 60% premium over MAP's closing stock price on theNasdaq Stock Market of $15.58 on January 22, 2013, and represents atotal equity value of approximately $958 million, on a fully-dilutedbasis. The acquisition is expected to close late in the first quarter orin the second quarter of 2013."One of the key drivers of Allergan's continued success is our focus onmedical specialties where we have extensive knowledge of physician andpatient needs, and can provide a broad portfolio of products," saidDavid E.I. Pyott, Chairman of the Board, President and Chief ExecutiveOfficer, Allergan. "Allergan has a record of leadership in theNeurosciences fie
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