Alexza raises $18 million

Alexza Pharmaceuticals Inc. (NASDAQ:ALXA) raised $18 million through the sale of 6.7 million units at $2.70 in a registered direct offering to institutional investors. Each unit comprises a share and a five-year warrant to purchase 0.5 shares, with each whole warrant exercisable at $3.30. RBC Capital Markets and JMP Securities were placement agents. ...