Saturday, 17 December 2011

Alexza Pharmaceuticals-Business Combination-Partnerships

Alexza to explore strategic options

(Reuters) - Alexza Pharmaceuticals Inc said it will explore options including sale of assets, strategic Business Combination, or Partnerships. The company has also given a 60-day notice of layoffs to all its employees to conserve cash to support operations. Alexza expects to significantly reduce its work force as it continues to pursue FDA approval of ADASUVE - its experimental anti-agitation therapeutic delivered via the company's Staccato inhaler to treat schizophrenia - and pursue its marketing authorization application work with the European Medicines Agency. ... read more..

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