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Alexza Reports 2008 Third Quarter Financial Results and Updates Development of Product Candidates
Date:11/6/2008

nd efficacy endpoints in clinical trials, they will not receive regulatory approval, and we will be unable to market them." Forward-looking statements contained in this announcement are made as of this date, and we undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.

Alexza Pharmaceuticals, Inc.

(a development stage company)

Condensed Consolidated Statements of Operations

(unaudited, in thousands except per share data)

Period from

December 19,

Three Months Nine Months 2000

Ended Ended (inception) to

September 30, September 30, September 30,

2008 2007 2008 2007 2008

Revenue $69 $- $69 $- $7,014

Operating

expenses:

Research and

development 16,774 11,570 47,165 31,947 190,283

General and

adminis-

trative 4,362 3,566 13,626 11,168 58,689

Acquired

in-process

research and

development - - - - 3,916

Total

operating

expenses 21,136 15,136 60,791 43,115 252,888

Loss from

operations (21,067) (15,136) (60,722) (43,115) (245,874)

Interest and

other income,

net 512 1,677 2,321 4,215 13,513

Interest

expense (203) (258) (736) (737) (3,382)

Loss before'/>"/>

SOURCE Alexza Pharmaceuticals, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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