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Alexza Announces Proposed Public Offering of Common Stock and Warrants
Date:2/16/2012

MOUNTAIN VIEW, Calif., Feb. 16, 2012 /PRNewswire/ -- Alexza Pharmaceuticals, Inc. (Nasdaq: ALXA), today announced that it intends to offer shares of its common stock and warrants to purchase shares of its common stock in an underwritten public offering.  JMP Securities LLC is acting as the sole book-running manager in the offering.

The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. Alexza plans to use the net proceeds from the sale of securities primarily for general corporate purposes, including regulatory, clinical trial, research and development, general and administrative and manufacturing expenses.

The offering is being made pursuant to a shelf registration statement on Form S-3 previously declared effective by the Securities and Exchange Commission, or the SEC, on May 20, 2010.  A preliminary prospectus supplement relating to the offering will be filed with the SEC.  When available, copies of the preliminary prospectus supplement relating to the offering and the accompanying base prospectus may be obtained by contacting JMP Securities LLC, 600 Montgomery Street, 10th Floor, San Francisco, California 94111, Attention: Prospectus Department, (415) 835-8985.  A copy of the preliminary prospectus supplement relating to the offering and the accompanying base prospectus may also be accessed on the SEC website, http://www.sec.gov.  Before you invest, you should read the preliminary prospectus supplement and the accompanying base prospectus in that registration statement and other documents Alexza has filed or will file with the SEC for more complete information about Alexza and the offering.

This press release does not constitute an offer to sell or the solicitation o
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SOURCE Alexza Pharmaceuticals, Inc.
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