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Alexza Reports 2011 Third Quarter Financial Results and Provides Business Update
Date:11/7/2011

ncluding the adequacy of the Company's capital to support the Company's operations, the potential of the Company's ADASUVE NDA resubmission to adequately address the issues in the Complete Response Letter, the timing of the FDA's review of the NDA, the eventual prospects that ADASUVE will be approved for marketing in the U.S., and the timing and prospects for regulatory approval to market ADASUVE in Europe, Latin America, Russia and the Commonwealth of Independent States countries. The Company's forward-looking statements also involve assumptions that, if they prove incorrect, would cause its results to differ materially from those expressed or implied by such forward-looking statements. These and other risks concerning Alexza's business are described in additional detail in the Company's Annual Report on Form 10-K for the year ended December 31, 2010, and the Company's other Periodic and Current Reports filed with the Securities and Exchange Commission. Forward-looking statements contained in this announcement are made as of this date, and the Company undertakes 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
(in thousands, except per share amounts)
(unaudited)Three Months EndedNine Months EndedSeptember 30,September 30,2011201020112010Revenue

$
,259$
744$
3,776$
744Operating expenses:Research and development

8,0516,65420,97722,508General and administrative

3,1092,6108,66411,474Total operating expenses

11,1609,26429,64133,982Loss from operations

(9,901)(8,520)(25,865)(33,238)Loss on change in fair value of contingent consideration liability

(3,000)8,509(3,300)7,338Interest and other income/ (expense), net

13193028Interest expense

(529)(599)(1,703)(1,024)Net loss

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SOURCE Alexza Pharmaceuticals, Inc.
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