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Shares of microcap Alexza Pharmaceuticals (ALXA -44.5%) implode after the FDA issues a scathing...

Shares of microcap Alexza Pharmaceuticals (ALXA -44.5%) implode after the FDA issues a scathing report (.pdf) that says the firm's inhaled antipsychotic drug places some patients at risk for respiratory failure. "It is likely that, even with adequate screening for pulmonary risk factors, some patients will require respiratory support post-dose, and some patients will be at risk for respiratory failure and death."
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