Alector Stock Price, News & Analysis

Alector, a clinical-stage biotechnology company specializing in immuno-neurology, announced that Dr. Shehnaaz Suliman will participate in two upcoming investor conferences. The events include the Goldman Sachs 42nd Annual Global Healthcare Conference on June 10, 2021, at 4:40 p.m. ET, and the BofA Securities 2021 Napa Biopharma Virtual Conference on June 14, 2021, at 5:30 p.m. ET. Live webcasts will be accessible on Alector's website, with replays available for 30 days post-event. Alector is focused on developing therapies for neurodegenerative diseases by targeting immune dysfunction.

Alector, Inc. (Nasdaq: ALEC) announced a virtual key opinion leader event on frontotemporal dementia due to a progranulin gene mutation (FTD-GRN) scheduled for June 11, 2021, at 10:30 a.m. ET. The agenda includes discussions on FTD-GRN pathophysiology, clinical endpoints, and disease-relevant biomarkers. Key presentations will be made by esteemed neurology experts, including Henrik Zetterberg and Jonathan Rohrer. The event will be webcast live on Alector's website. AL001, an investigational monoclonal antibody for FTD-GRN, has received Orphan Drug and Fast Track designations from the FDA.

Alector, a clinical-stage biotechnology company specializing in immuno-neurology, announced participation by its president and COO, Shehnaaz Suliman, in a fireside chat at the BofA Securities 2021 Virtual Health Care Conference on May 13, 2021, at 11:45 a.m. ET. A live webcast will be accessible on the Alector website, with a replay available for 30 days post-event. Alector focuses on innovative therapies for neurodegenerative diseases, emphasizing innate immune system repair and targeting genetic mutations in neurodegenerative conditions.

Alector, Inc. (Nasdaq: ALEC) reported key business updates and financial results for Q1 2021. The company is actively enrolling patients in the AL001 INFRONT-3 Phase 3 trial for frontotemporal dementia and the AL002 INVOKE-2 Phase 2 trial for early Alzheimer's disease. Collaboration revenue dropped to $4.1 million from $7.2 million year-over-year. R&D expenses rose significantly to $45.7 million, contributing to a net loss of $52.2 million, up from $40 million in Q1 2020. Cash, cash equivalents, and marketable securities totaled $362.7 million as of March 31, 2021.

Alector, a clinical-stage biotechnology company focused on immuno-neurology, announced that its president, Shehnaaz Suliman, will participate in a fireside chat at Stifel’s 3rd Annual CNS Day on April 1, 2021, at 9:30 a.m. ET. The event will be accessible via a live webcast on the Alector website, with a replay available for 30 days afterward. Alector is pioneering treatments for neurodegenerative diseases by targeting immune dysfunction, particularly in Alzheimer's and frontotemporal dementia patient populations.

Alector, Inc. (Nasdaq: ALEC), a biotechnology company focused on immuno-neurology, announced participation in the Barclays Global Healthcare Conference on March 11, 2021, at 2:25 p.m. ET by COO Shehnaaz Suliman, M.D. A live webcast will be available on Alector's Investors page, with a replay accessible for 30 days post-event. Alector is developing innovative therapies targeting neurodegenerative diseases, utilizing innate immune system programs to address immune dysfunction in conditions like Alzheimer's and frontotemporal dementia. Visit www.alector.com for more information.

Alector, Inc. (NASDAQ: ALEC) reported business updates and financial results for Q4 2020, highlighting significant progress in its clinical programs. The company initiated the AL001 INFRONT-3 Phase 3 trial for frontotemporal dementia and AL002 INVOKE-2 Phase 2 trial for early Alzheimer's disease. Revenue for Q4 was $4.9 million, down from $6.0 million YoY, with a total 2020 revenue of $21.1 million, relatively stable. R&D expenses surged to $44.4 million for Q4, contributing to a net loss of $52.2 million. Alector's cash position remains strong at $413.3 million, sufficient to fund operations through mid-2022.

Alector (NASDAQ: ALEC) has initiated INVOKE-2, a Phase 2 clinical trial for AL002, targeting TREM2 to slow early Alzheimer’s disease progression. This humanized monoclonal antibody is being evaluated at 90 sites worldwide, enrolling approximately 265 participants. The study's primary endpoint is to measure disease progression using the Clinical Dementia Rating Sum Boxes. Alector's collaboration with AbbVie aims to address a disease affecting nearly six million Americans, focusing on enhancing microglial activity, critical for brain immune response.

Alector, Inc. (Nasdaq: ALEC) has announced the departure of chief business officer Sabah Oney, effective February 1, 2021. Dr. Oney, who joined the company in October 2016 when it was a small biotech firm, will assist during the transition until May 3, 2021. Shehnaaz Suliman, the company's president and COO, will take over as interim CBO. CEO Arnon Rosenthal expressed gratitude for Dr. Oney's contributions to Alector's growth and innovation in the field of immuno-neurology, targeting neurodegenerative diseases.