Alexza Pharmaceuticals (ALXA -0.4%) faces a cash crunch even after a public offering of shares,...

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

Alexza Pharmaceuticals (ALXA -0.4%) faces a cash crunch even after a public offering of shares, corporate restructuring including layoffs, and a new partnership. The company warns that at its current burn rate it will empty its bank account in Q4.