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Alexza Reports 2008 Second Quarter Financial Results and Updates Development of Product Candidates
Date:8/6/2008

32,532 28,480 31,879 26,175

Alexza Pharmaceuticals, Inc.

(a development stage enterprise)

Condensed Consolidated Balance Sheets

(in thousands)

June 30, December 31,

2008 2007

Unaudited (1)

Assets

Cash, cash equivalents and marketable

securities $64,005 $69,391

Investments held by Symphony Allegro, Inc. 31,310 39,449

Other current assets 996 13,432

Total current assets 96,311 122,272

Property and equipment, net 25,302 26,156

Other non-current assets 666 697

Total assets $122,279 $149,125

Liabilities, noncontrolling interest

and stockholders' equity

Current liabilities $16,453 $16,180

Non-current liabilities 30,826 33,002

Noncontrolling interest in Symphony

Allegro, Inc. 14,304 23,952

Stockholders equity 60,696 75,991

Total liabilities, non controlling

interest and stockholders' equity $122,279 $149,125

(1) Derived from audited consolidated financial statements at that date.


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SOURCE Alexza Pharmaceuticals, Inc.
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