Friday, May 13, 2016

Alexza Pharmaceuticals Acquired By Ferrer

Mountain View-based Alexza Pharmaceuticals said earlier this week that it is being acquired by Spanish company Grupo Ferrer Internacional, in a deal worth approximately $11.4M. Ferrer said it will pay $0.90 per share in cash for Alexza Pharmaceuticals, with up to $35M in earnout depending on milestones. Alexza is developing drug delivery systems, based on an inhaler to better deliver drugs into patients' lungs.