Alector

Alector

ALECPhase 3

Founded in 2013 and publicly traded on Nasdaq, Alector is on a mission to slow and prevent neurodegenerative diseases by harnessing insights from human genetics, immunology, and neuroscience. The company has built a robust pipeline of potential first- and best-in-class candidates, with its lead program, latozinemab (AL001), in a pivotal Phase 3 trial for frontotemporal dementia and AL101 in Phase 2 for Alzheimer's disease via a major collaboration with GSK. Alector's strategy combines internal R&D with high-value partnerships, supported by a seasoned leadership team with deep expertise in drug discovery and development.

Market Cap
$226.2M
Employees
100-250
Focus
AntibodiesBiologics

ALEC · Stock Price

USD 2.0512.43 (-85.84%)

Historical price data

AI Company Overview

Founded in 2013 and publicly traded on Nasdaq, Alector is on a mission to slow and prevent neurodegenerative diseases by harnessing insights from human genetics, immunology, and neuroscience. The company has built a robust pipeline of potential first- and best-in-class candidates, with its lead program, latozinemab (AL001), in a pivotal Phase 3 trial for frontotemporal dementia and AL101 in Phase 2 for Alzheimer's disease via a major collaboration with GSK. Alector's strategy combines internal R&D with high-value partnerships, supported by a seasoned leadership team with deep expertise in drug discovery and development.

Technology Platform

The Alector Brain Carrier (ABC) is a proprietary, versatile technology platform designed to transport therapeutic payloads (antibodies, enzymes, siRNAs) across the blood-brain barrier, enabling targeted delivery to the central nervous system.

Pipeline Snapshot

12

12 drugs in pipeline, 2 in Phase 3

DrugIndicationStage
AL001 + Placebo + Open label - AL001Frontotemporal DementiaPhase 3
LatozinemabNeurodegenerative DiseasesPhase 3
AL002Alzheimer's DiseasePhase 2
AL002 + PlaceboAlzheimer DiseasePhase 2
GSK4527226Alzheimer's DiseasePhase 2

Funding History

4

Total raised: $454M

IPO$176MUndisclosedFeb 8, 2019
Series C$205MOrbiMedDec 15, 2017
Series B$32MOrbiMedJun 15, 2015
Series A$41MMRL Ventures FundJan 15, 2014

Opportunities

Alector has significant growth opportunities through the potential first-in-class approval of latozinemab for FTD-GRN, expansion of its progranulin platform into large indications like Alzheimer's and Parkinson's via the GSK partnership, and leveraging its proprietary ABC platform to develop a new generation of brain-penetrant therapies, including siRNAs and enzyme replacements.

Risk Factors

Key risks include clinical trial failures for lead candidates in Phase 3 and Phase 2, intense competition in the Alzheimer's disease therapeutic landscape, regulatory hurdles for novel immuno-neurology mechanisms, and dependence on strategic partners for major program funding and commercialization.

Competitive Landscape

Alector faces competition from large pharma (Eli Lilly, Roche, Eisai/Biogen) developing amyloid and tau-targeting therapies for Alzheimer's, and biotechs like Denali in Parkinson's. Its primary differentiation lies in its immuno-neurology approach—modulating brain immune function rather than directly clearing proteins—and its ABC blood-brain barrier delivery platform, which may enable more effective targeting of disease pathways.

Company Info

TypeTherapeutics
Founded2013
Employees100-250
LocationSouth San Francisco, United States
StagePhase 3
RevenuePre-revenue

Trading

TickerALEC
ExchangeNASDAQ

Therapeutic Areas

Neurodegenerative DiseasesNeurologyImmunology

Partners

GlaxoSmithKline (GSK)AbbVie
SIMILAR COMPANIES
BASi Research Products
BASi Research Products
Pre-clinical · West Lafayette
Bay BioSciences
Bay BioSciences
Pre-clinical · San Francisco
EydisBio
EydisBio
Pre-clinical · Cambridge
3Spine
3Spine
Pre-clinical · Memphis
Belcher Pharmaceuticals
Belcher Pharmaceuticals
Pre-clinical · Miami
Is this your company?

Claim your profile to update information, add pipeline data, and connect with investors.

Claim profile