Exhibit 99.1

 

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NEWS RELEASE - for immediate release

Alexza Reports 2012 Fourth Quarter and Full Year Financial Results

Management to Review Results and Provide Business Updates

in Conference Call Scheduled Today for 5:00 p.m. Eastern Time

Mountain View, California - March 26, 2013

- Alexza Pharmaceuticals, Inc. (Nasdaq: ALXA) today reported financial results for the fiscal quarter and full year ended December 31, 2012. The net loss for the quarters ended December 31, 2012 and 2011, as reported in accordance with accounting principles generally accepted in the United States (GAAP), were $10.3 million and $9.7 million, respectively. The net loss for the year ended December 31, 2012 was $28.0 million compared to $40.5 million for the same period in 2011. At December 31, 2012, Alexza had consolidated cash, cash equivalents, marketable securities and restricted cash of $22.8 million.

“This year will be a transformational year for Alexza, following the receipt of regulatory approvals in the U.S. and Europe for ADASUVE®, our first approved Staccato®-based product,” said Thomas B. King, President and CEO of Alexza. “We are actively planning for the ADASUVE launch in the third quarter and are putting in place what we believe to be the necessary elements, including the U.S. commercial strategy, intended to support the successful commercialization of this product.”

Alexza Business Updates

 

   

In December 2012, the Committee for Medicinal Products for Human Use of the European Medicines Agency adopted a positive opinion recommending that ADASUVE (Staccato loxapine) 4.5 mg and 9.1 mg inhalation powder, pre-dispensed, be granted European Union centralized marketing authorization.

 

   

In December 2012, the U.S. Food and Drug Administration approved ADASUVE (loxapine) Inhalation Powder 10 mg for the acute treatment of agitation associated with schizophrenia or bipolar I disorder in adults.

 

   

In December 2012, Alexza and its Staccato system were presented the Frost & Sullivan 2012 Global Enabling Technology Award, based on Frost & Sullivan’s analysis of the bipolar disorder therapeutics market.

 

   

In January 2013, J. Kevin Buchi was appointed to the Alexza Board of Directors. Mr. Buchi has more than 30 years of pharmaceutical industry experience, most recently as Corporate Vice President, Global Branded Products at Teva Pharmaceutical Industries and previously served as Chief Executive Officer, Chief Operating Officer and Chief Financial Officer, successively, during his tenure at Cephalon, Inc.

 

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The following information was filed by Alexza Pharmaceuticals Inc. (ALXA) on Tuesday, March 26, 2013 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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