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Alector, Inc. - ALEC STOCK NEWS

Welcome to our dedicated page for Alector news (Ticker: ALEC), a resource for investors and traders seeking the latest updates and insights on Alector stock.

Alector, Inc. (Nasdaq: ALEC) is a clinical-stage biotechnology company headquartered in South San Francisco, California, pioneering a novel therapeutic approach known as immuno-neurology. The company leverages the body’s innate immune system to develop treatments for neurodegenerative diseases, including Alzheimer’s disease and frontotemporal dementia (FTD). Alector’s groundbreaking research focuses on counteracting brain pathologies by restoring healthy immune function.

The company’s pipeline includes several promising product candidates like AL001 (latozinemab), AL002, AL003, and AL101. Among these, latozinemab and AL101 are being co-developed in collaboration with global biopharmaceutical giant GSK. Latozinemab, a progranulin-elevating monoclonal antibody, is currently in the pivotal Phase 3 INFRONT-3 trial for FTD-GRN and has received FDA Breakthrough Therapy and Fast Track designations.

AL002, in collaboration with AbbVie, is a TREM2-activating antibody undergoing a Phase 2 INVOKE-2 trial to assess its efficacy in early Alzheimer's disease. The company recently completed enrollment for INVOKE-2, with a data readout expected in the fourth quarter of 2024. AL101, another progranulin-elevating candidate, has initiated the PROGRESS-AD Phase 2 trial to treat early Alzheimer's disease.

Alector’s innovative Alector Brain Carrier (ABC) technology aims to enhance drug delivery across the blood-brain barrier, further strengthening their therapeutic pipeline. The company’s financial health is robust, with $620.0 million in cash, cash equivalents, and investments as of January 2024. This financial buffer is anticipated to fund operations through 2026, ensuring continued progress in their clinical programs.

For ongoing updates and detailed information, visit their official website at www.alector.com.

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Alector Inc (Nasdaq: ALEC) announced presentations on its TREM2 and progranulin programs at the upcoming Alzheimer's Association International Conference® 2024 (AAIC®). The event will be held online and in Philadelphia from July 28 to August 1, 2024.

Key presentations include:

  • Two posters on the AL002 TREM2 program, developed with AbbVie, focusing on the INVOKE-2 phase 2 study in early Alzheimer's disease.
  • Three posters on progranulin programs (latozinemab and AL101/GSK4527226), developed with GSK, covering plasma biomarkers, the PROGRESS-AD phase 2 study, and genetics related to Alzheimer's disease.

These presentations highlight Alector's ongoing efforts in immuno-neurology and Alzheimer's disease research.

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Alector (Nasdaq: ALEC), a clinical-stage biotechnology company specializing in immuno-neurology, will present at the H.C. Wainwright 5th Annual Neuro Perspectives Virtual Conference on June 27, 2024. The event will be held virtually, and Alector's management will participate in a corporate presentation. Interested parties can access the webcast on the 'Events & Presentations' page of the Alector website starting at 7:00 a.m. ET. A replay of the presentation will be available on the website for 90 days post-event.

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Alector, a clinical-stage biotech firm specializing in immuno-neurology, is set to host a virtual Research and Development event on June 18, 2024. The event will highlight the Alector Brain Carrier, a novel blood-brain barrier (BBB) technology platform. This platform is integral to the company’s upcoming product candidates and research initiatives. The session will feature insights from Alector's management and Dr. Zhiqiang An, an expert in BBB modulation. Participants can register on Alector's website, and a live Q&A will follow the presentation. A replay will be accessible for 90 days post-event.

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Alector (Nasdaq: ALEC), a clinical-stage biotechnology company specializing in immuno-neurology, will participate in a fireside chat at the Goldman Sachs 45th Annual Global Healthcare Conference. The event is scheduled for Monday, June 10, 2024, at 1:20 p.m. ET. A live webcast will be accessible via the Investors section of Alector's website, with a replay available for 90 days post-event.

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Alector, Inc. (Nasdaq: ALEC), a clinical-stage biotechnology company, will be participating in the Bank of America Securities Health Care Conference and H.C. Wainwright 2nd Annual BioConnect Investor Conference. The company's management will give presentations at these events, showcasing their work in immuno-neurology. Webcasts of the presentations will be available on the Alector website.

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Alector, Inc. (Nasdaq: ALEC) reported Q1 2024 financial results with $562.1 million in cash. The company is advancing its pipeline, strengthening leadership, and expects a data readout from the INVOKE-2 Phase 2 clinical trial of AL002 for early Alzheimer’s disease in Q4 2024. Alector also has a pivotal Phase 3 trial of latozinemab in FTD-GRN and a Phase 2 trial of AL101/GSK4527226 in early AD ongoing.

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Alector, Inc. (ALEC) to participate in multiple investor conferences to discuss immuno-neurology advancements. Webcasts available on their website for 90 days post-event.
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Alector, Inc. (Nasdaq: ALEC) reported fourth quarter and full year 2023 financial results, highlighting achievements in clinical trials and breakthrough therapy designations. With $620.0 million in cash after an equity offering in January 2024, the company expects a cash runway through 2026. Recent developments include dosing the first participant in the PROGRESS-AD Phase 2 trial and achieving target enrollment in the pivotal INFRONT-3 Phase 3 trial.
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Alector, Inc. (Nasdaq: ALEC) will host a conference call on February 27, 2024, to discuss fourth-quarter results and provide a full-year business update. The event will be webcast live on their website.
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Alector, Inc. and GSK plc announced the dosing of the first patient in the global Phase 2 clinical trial of AL101/GSK4527226, an investigational human monoclonal antibody for early Alzheimer’s disease. The trial aims to enroll approximately 282 patients and is a randomized, double-blind, placebo-controlled study to assess the safety and efficacy of two dose levels of AL101 compared to placebo. AL101 has been shown to be generally well tolerated and increased progranulin levels in healthy volunteers. The primary endpoint of the study is disease progression as measured by the Clinical Dementia Rating Sum of Boxes (CDR®-SB).
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FAQ

What is Alector, Inc. known for?

Alector, Inc. is a biotechnology company focused on developing novel therapies by harnessing the immune system to treat neurodegenerative diseases like Alzheimer's and frontotemporal dementia.

What are the main product candidates in Alector's pipeline?

Alector's main product candidates include AL001 (latozinemab), AL002, AL003, and AL101. These candidates are aimed at treating neurodegenerative conditions by restoring healthy immune function in the brain.

What recent achievements has Alector accomplished?

Alector has achieved significant milestones like completing enrollment for the INVOKE-2 Phase 2 trial of AL002 and receiving Breakthrough Therapy Designation for latozinemab in treating FTD-GRN.

Who are Alector's key collaborators?

Alector collaborates with GSK to develop latozinemab and AL101, and with AbbVie to develop AL002. These partnerships aim to advance treatments for various neurodegenerative diseases.

What is the focus of Alector's immuno-neurology approach?

Alector's immuno-neurology approach targets immune dysfunction as a root cause of multiple brain pathologies, developing therapies to rejuvenate immune cells and counteract neurodegenerative diseases.

When is the data readout for the INVOKE-2 trial expected?

The data readout for the INVOKE-2 Phase 2 trial of AL002 in early Alzheimer's disease is expected in the fourth quarter of 2024.

What is the Alector Brain Carrier (ABC) technology?

The Alector Brain Carrier (ABC) technology is a proprietary platform designed to enhance drug delivery across the blood-brain barrier, improving the efficacy of Alector’s neurotherapeutic candidates.

What financial condition is Alector currently in?

Alector has a strong financial position with $620.0 million in cash, cash equivalents, and investments as of January 2024, providing runway through 2026 for their operational and research needs.

What is the significance of the FDA Breakthrough Therapy Designation for latozinemab?

The FDA Breakthrough Therapy Designation expedites the development and review of latozinemab for FTD-GRN, based on preliminary evidence indicating substantial improvement over available therapy.

Where can more information about Alector be found?

More detailed information about Alector, including their ongoing projects and updates, can be found on their official website at www.alector.com.

Alector, Inc.

Nasdaq:ALEC

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Biological Product (except Diagnostic) Manufacturing
Manufacturing
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United States of America
SOUTH SAN FRANCISCO