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Industries
Biotechnology
Healthcare
Company Size
201-500
Company Stage
IPO
Total Funding
$189.2M
Headquarters
San Francisco, California
Founded
2013
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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Total Funding
$189.2M
Below
Industry Average
Funded Over
6 Rounds
Flexible Work Hours
Hybrid Work Options
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.
Wellington Management Group LLP invests $639,000 in Alector, Inc. (NASDAQ:ALEC).
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
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
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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Industries
Biotechnology
Healthcare
Company Size
201-500
Company Stage
IPO
Total Funding
$189.2M
Headquarters
San Francisco, California
Founded
2013
Find jobs on Simplify and start your career today