Alector

Alector

Develops therapies for neurodegenerative diseases

About Alector

Simplify's Rating
Why Alector is rated
B
Rated C on Competitive Edge
Rated A on Growth Potential
Rated B on Rating Differentiation

Industries

Biotechnology

Healthcare

Company Size

201-500

Company Stage

IPO

Total Funding

$189.2M

Headquarters

San Francisco, California

Founded

2013

Overview

Alector develops therapies aimed at treating neurodegenerative diseases like Alzheimer's and Parkinson's. The company focuses on research and development of new drug candidates by utilizing knowledge from immunology, neurology, and human genetics. Their approach involves conducting early-stage clinical trials to gather specific data about diseases, which helps improve the chances of success for their treatments. Alector differentiates itself from competitors by emphasizing the body's natural healing processes in their drug development. The company's goal is to create effective treatments for conditions that currently have limited options, while also securing funding through partnerships and grants to support their research efforts.

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Simplify's Take

What believers are saying

  • Increased interest in neuroimmunology boosts investment opportunities for Alector.
  • Advancements in antibody engineering enhance Alector's therapeutic development platform.
  • Growing demand for personalized medicine aligns with Alector's genetic-focused strategy.

What critics are saying

  • Failure of AL002 in Phase 2 trial may impact investor confidence.
  • Termination of AL002 program with AbbVie could affect Alector's pipeline.
  • Reliance on external funding increases financial risk if milestones aren't met.

What makes Alector unique

  • Alector leverages state-of-the-art antibody technology for neurodegenerative disease treatment.
  • Strategic alliance with Adimab enhances Alector's antibody discovery and optimization capabilities.
  • Focus on neuroimmunology and human genetics sets Alector apart in drug development.

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Funding

Total Funding

$189.2M

Below

Industry Average

Funded Over

6 Rounds

Post IPO Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Debt Funding Comparison
Coming Soon

Benefits

Flexible Work Hours

Hybrid Work Options

Growth & Insights and Company News

Headcount

6 month growth

↑ 1%

1 year growth

↑ 1%

2 year growth

↓ -1%
MarketScreener
Jan 10th, 2025
Alector, Inc. Announces Termination of Al002 in Collaboration with Abbvie Biotechnology, Ltd

Alector, Inc. was developing AL002, its TREM2 program asset, to treat patients with early Alzheimer?s disease (AD) in collaboration with AbbVie Biotechnology Ltd. under the Co-Development and Option Agreement, dated as of October 16, 2017, between the parties, as amended on February 13, 2023.

ETF Daily News
Dec 21st, 2024
Wellington Management Group LLP Invests $639,000 in Alector, Inc. (NASDAQ:ALEC)

Wellington Management Group LLP invests $639,000 in Alector, Inc. (NASDAQ:ALEC).

GlobeNewswire
Nov 25th, 2024
Alector Announces Results From Al002 Invoke-2 Phase 2 Trial In Individuals With Early Alzheimer'S Disease And Provides Business Update

SOUTH SAN FRANCISCO, Calif., Nov. 25, 2024 (GLOBE NEWSWIRE) -- Alector, Inc. (Nasdaq: ALEC), a clinical-stage biotechnology company pioneering novel, genetically validated therapies for the treatment of neurodegenerative diseases, today announced results from the INVOKE-2 Phase 2 clinical trial evaluating the safety and efficacy of AL002 in slowing disease progression in individuals with early Alzheimer’s disease (AD). Treatment with AL002 resulted in sustained target engagement and pharmacodynamic responses indicative of microglial activation. However, AL002 failed to meet the primary endpoint of slowing of Alzheimer’s clinical progression as measured by the Clinical Dementia Rating Sum of Boxes (CDR®-SB), and there were no treatment effects that favored AL002 on secondary clinical and functional endpoints. Similarly, there were no significant effects on Alzheimer’s fluid biomarkers favoring AL002, and amyloid PET imaging demonstrated no treatment-related reduction of brain amyloid levels

Benzinga
Nov 14th, 2024
Alector Secures Flexible Credit Facility for Up to $50 Million From Hercules Capital - Alector (NASDAQ:ALEC), Hercules Capital (NYSE:HTGC)

SOUTH SAN FRANCISCO, Calif., Nov. 14, 2024 (GLOBE NEWSWIRE) -- Alector, Inc. (NASDAQ:ALEC), a clinical-stage biotechnology company pioneering immuno-neurology, today announced that the Company has entered into a debt

Investing.com
Nov 14th, 2024
Alector secures $50 million credit facility from Hercules Capital

SOUTH SAN FRANCISCO - Alector, Inc. (NASDAQ: ALEC), a company focused on developing therapies for neurodegenerative diseases, has entered into a financing agreement with Hercules Capital, Inc. (NYSE: NYSE:HTGC) for up to $50 million.

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