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Alexza, Symphony Capital enter into $50 million product development collaboration

Published in Drug Week, January 5th, 2007

Alexza Pharmaceuticals, Inc., (ALXA) announced that it has completed a transaction with Symphony Capital Partners, LP and its co-investors to provide $50 million to fund the development of AZ-002 (Staccato alprazolam) and AZ-004 (Staccato loxapine).

AZ-002 is being developed for the acute treatment of panic attacks associated with panic disorder and AZ-004 is being developed to treat acute agitation in patients with schizophrenia. Both product candidates are currently in phase IIa clinical trials.

Under the terms of the agreement, Alexza and Symphony Capital, a private equity firm, have established Symphony Allegro, Inc., which will provide funding...

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