Alexza Pharmaceuticals, Inc. ALXA reported today financial results for the fiscal quarter and year ended December 31, 2010, and provided a general corporate update.
Alexza recorded net income of $25.4 million in the fourth quarter of 2010, while posting a net loss of $1.5 million for the year ended December 31, 2010, as reported in accordance with accounting principles generally accepted in the United States, compared to a net loss of $19.8 million and $56.1 million in the quarter and year ended December 31, 2009, respectively.
At December 31, 2010, Alexza had consolidated cash, cash equivalents and marketable securities of $41.4 million.
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