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Alexza Reports 2007 Year-End Financial Results and Updates Clinical Pipeline Status
Date:3/17/2008

2007 2006

GAAP net loss $(13,173) $(11,607)

Share-based compensation expense 1,378 810

Non-GAAP net loss $(11,795) $(10,797)

Year Ended

December 31,

2007 2006

GAAP net loss $(45,119) $(41,806)

Share-based compensation expense 3,416 2,217

Non-GAAP net loss $(41,703) $(39,589)

Conference Call Information

Alexza will host an investor conference call to discuss the financial results and other clinical development updates at 5:00 p.m. Eastern Time today. A replay of the call will be available for two weeks following the event. The conference call, replay and webcast are open to all interested parties.

To access the conference call via the Internet, go to http://www.alexza.com, under the "Investor Relations" link. Please join the call at least 15 minutes prior to the start of the call to ensure time for any software downloads that may be required. Interested parties may also pre-register to avoid pre-call delays at https://www.theconferencingservice.com/prereg/key.process?key=P7HYV9G64.

To access the live conference call via phone, dial 1-888-713-4211. International callers may access the live call by dialing 1-617-213-4864. The reference number to enter the call is 10982340.

The replay of the conference call may be accessed via the Internet, at http://www.alexza.com, or via phone a
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SOURCE Alexza Pharmaceuticals, Inc.
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