Shares of microcap Alexza Pharmaceuticals (ALXA) soar 74% premarket on the strength of an...

|About: Alexza Pharmaceuticals, Inc. (ALXA)|By:, SA News Editor

Shares of microcap Alexza Pharmaceuticals (ALXA) soar 74% premarket on the strength of an approval from the Psychopharmacologic Drugs Advisory Committee of the FDA on its Adasuve drug for the treatment of schizophrenia or bipolar mania. The committee approved the drug by a narrow margin of 9 to 8 with 1 member abstaining.