Shares of Alexza Pharmaceuticals (ALXA +7.1%) trade higher on heavy volume after seeing Grupo...

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

Shares of Alexza Pharmaceuticals (ALXA +7.1%) trade higher on heavy volume after seeing Grupo Ferrer pony up for 2.4 shares. The deal was tit-for-tat, with Alexza agreeing to eliminate milestone payments it was in line to receive on sales of its schizophrenic and bipolar disorder treatment Adasuve.