Alector Stock Price, News & Analysis

Alector (NASDAQ: ALEC) reported Q2 2024 financial results and provided a business update. Key highlights include:

• Data from INVOKE-2 Phase 2 trial of AL002 in early Alzheimer's disease expected in Q4 2024
• Latozinemab INFRONT-3 Phase 3 trial progressing well after FDA Breakthrough Therapy Designation
• $503.3 million in cash, providing runway through 2026
• Q2 revenue of $15.1 million, down from $56.2 million in Q2 2023
• Net loss of $38.7 million ($0.40 per share) compared to net income of $1.4 million in Q2 2023
• 2024 revenue guidance of $60-70 million maintained
• R&D expenses expected to be $210-220 million

The company remains focused on its immuno-neurology programs and proprietary Alector Brain Carrier technology platform.

Alector (Nasdaq: ALEC), a clinical-stage biotechnology company focused on immuno-neurology, has announced a conference call and webcast scheduled for Wednesday, August 7, 2024, at 4:30 p.m. ET/1:30 p.m. PT. The event will discuss second quarter 2024 results and provide a mid-year business update. A press release detailing Q2 results will be issued before the call. The webcast will be available on Alector's investor relations website, with a 30-day replay option. Phone participants must register online to receive dial-in details and a personal PIN for access.

Alector presented baseline characteristics for the INVOKE-2 Phase 2 clinical trial of AL002, a TREM2 agonist, at AAIC® 2024. The trial, involving 381 participants with early Alzheimer's disease (AD), is the first global Phase 2 study evaluating a TREM2 agonist's safety and efficacy in slowing AD progression. Key points:

- Median age: 71 years (range: 51-85)
- 78% of participants ≥65 years old
- 50% female, 94% Caucasian
- 67% with mild cognitive impairment, 33% with mild dementia
- 59% heterozygous APOE e4 carriers
- All participants confirmed amyloid-positive

Results are expected in Q4 2024, with a long-term extension study ongoing. The baseline data confirm a representative study population for testing AL002's effects in early AD.

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.

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.

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.

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.

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.

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.