Business

Map Pharmaceuticals

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Regulators did not reject Map’s inhalable migraine drug because of safety or effectiveness and don’t want new studies, CEO Tim Nelson said - it was about manufacturing issues. Levadex is an inhaled form of a 60-year-old migraine drug that’s injected. Map, of Mountain View, Calif., seeks approval for its use in patients with 15 or fewer migraines a month; it would be Map’s first marketed product. The shares’ drop was a “knee-jerk reaction,’’ said Liana Moussatos, at Wedbush Securities. “It sounds like there are just manufacturing issues, no clinical safety issues.’’