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Tuesday, Nov 6
2012, 5:32 PM
Alexza Pharmaceuticals (ALXA) suffers from a double whammy after the close, simultaneously...
Alexza Pharmaceuticals (ALXA) suffers from a double whammy after the close, simultaneously missing on its Q3 results and disclosing that E.U. regulators aren't going to approve Adasuve due to major objections. In September, the company received the Day 180 List of Outstanding Issues from European regulators which questions whether the data supports the drug's broad indication as submitted, and if the dosage requirements to achieve any benefit warrant the risk. Shares -6% AH.