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CORRECT(12/13): FDA Panel Recommends Use Of Alexza Pharma's Bipolar Treatment

("FDA Panel Recommends Use Of Alexza Pharma's Bipolar Treatment" on Dec. 13 and an earlier story on Jan. 18 misstated that Valeant Pharmaceuticals International Inc. is currently a commercial partner for the drug. A corrected version follows:) DOW JONES NEWSWIRES Alexza Pharmaceuticals Inc. (ALXA) said a U.S. Food and Drug Administration panel has recommended that its schizophrenic and bipolar disorder treatment be approved for use. Shares were recently up 76% to $1.10 as the company's chief executive called the panel's recommendation "another step forward" for the drug's development. Alexza in August said it refiled its new drug application for the treatment, adding new data and sections that aimed to address safety concerns raised by the agency last year. "If approved, we believe Adasuve represents a valuable treatment option for patients and physicians alike. We look forward to continuing to work toward our goal of bringing Adasuve to market in 2012," said Chief Executive Thomas B. King. Alexza last month reported its third-quarter loss widened sharply from a year earlier as it recorded higher research and development expenses and a loss on a contingent liability. -By Mia Lamar, Dow Jones Newswires; 212-416-3207; mia.lamar@dowjones.com

Stock News for Valeant Pharma (VRX)
DateTimeHeadline
03/02/201517:30:14Salix Posts Loss Amid Push to Clear Inventory
02/23/201517:04:20U.S. Stocks Decline, Mirroring Oil's Resumed Drop
02/23/201517:00:34MARKET SNAPSHOT: Dow, S&P Slump; Nasdaq Marks 9-session Win Streak
02/23/201515:52:37MARKET SNAPSHOT: Stocks Retreat From Records As Oil Drop Hits...
02/23/201513:39:04MARKET SNAPSHOT: U.S. Stocks Give Up Records As Oil Drop Hits...
02/23/201513:33:18MARKET SNAPSHOT: U.S. Stocks Slide As Oil Drop Hits Energy Companies
02/23/201513:29:14MARKET SNAPSHOT: U.S. Stocks: Futures Dip As Oil Slide Hits Energy...
02/23/201513:17:27MARKET SNAPSHOT: U.S. Stocks: Futures Dip Ahead Of Home Sales...
02/23/201511:03:56MARKET SNAPSHOT: U.S. Stocks: Futures Dip Ahead Of Home Sales...
02/22/201517:20:08Valeant Pharmaceuticals to Buy Salix for About $10 Billion...
02/22/201517:05:14Valeant Pharmaceuticals to Buy Salix for About $10 Billion...
02/22/201516:52:15Valeant Pharmaceuticals to Buy Salix for About $10 Billion
02/21/201517:02:14Valeant Nears Deal to Buy Salix
02/20/201514:57:21Valeant Approved to Buy Dendreon Assets for $495 Million

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