Tuesday, December 20, 2011

Alexza explores sale, layoffs

Alexza Pharmaceuticals Inc. said late on Friday that it has hired Lazard Ltd. (NYSE:LAZ) to help it look into "strategic options that would enhance stockholder value." Lazard is a financial advisory and asset management company.
Strategic options could include "a possible sale or disposition of one or more corporate assets, a strategic business combination, partnership or other transactions," according to a prepared statement released by Alexza.
The company has about 100 employees.

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