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Alector

Alector logo
🇺🇸United States
Ownership
Public
Established
2013-01-01
Employees
244
Market Cap
-
Website
http://www.alector.com
Introduction

Alector, Inc. operates as a clinical-stage biopharmaceutical company, which engages in pioneering of immuno-neurology. It develops portfolio of innate immune system programs, designed to functionally repair genetic mutations and enable the rejuvenated immune cells to counteract emerging brain pathologies. Its treatment targets immune dysfunction as a root cause of multiple pathologies that are drivers of degenerative brain disorders. The company was founded by Asa Abeliovich, Errik B. Anderson, Tillman U. Gerngross, and Arnon Rosenthal in May 2013 and is headquartered in South San Francisco, CA.

Alector Announces Strategic Priorities for 2025, Highlights Neurodegenerative Disease Programs

• Alector anticipates topline data from the Phase 3 INFRONT-3 trial of latozinemab for frontotemporal dementia with a granulin gene mutation (FTD-GRN) by Q4 2025. • Enrollment in the Phase 2 PROGRESS-AD trial of AL101/GSK4527226 for early Alzheimer's disease is expected to complete in mid-2025, with 75% of participants enrolled. • Alector is advancing its preclinical pipeline, utilizing the Alector Brain Carrier (ABC) technology to enhance therapeutic delivery for neurodegenerative diseases. • The company's cash reserves of $457.2 million as of September 30, 2024, are projected to sustain operations through 2026, supporting ongoing clinical and research programs.

Alector Presents Baseline Data from INVOKE-2 Phase 2 Trial of AL002 for Early Alzheimer's Disease

• Alector presented baseline characteristics from the INVOKE-2 Phase 2 trial of AL002, a novel TREM2 agonist, at the Alzheimer's Association International Conference (AAIC) 2024. • The INVOKE-2 trial enrolled 381 participants with early Alzheimer's disease, showing a median age of 71 years and confirming amyloid positivity in all participants. • Treatment-emergent brain MRI changes (ARIA) were observed, with higher incidence and severity in APOE e4 homozygous carriers, leading to their early discontinuation from the trial. • Results from the INVOKE-2 trial are expected in the fourth quarter of 2024, with a long-term extension study ongoing to assess the long-term effects of AL002.

FDA Grants Breakthrough Therapy Designation to Latozinemab for FTD-GRN

• The FDA has granted Breakthrough Therapy Designation to latozinemab for frontotemporal dementia with a progranulin gene mutation (FTD-GRN). • Latozinemab, developed by Alector and GSK, is a monoclonal antibody that elevates progranulin levels by blocking sortilin. • The designation was based on Phase 2 clinical trial data, indicating substantial improvement over available therapies for this rare, rapidly progressing disease. • Latozinemab is currently in a pivotal Phase 3 study (INFRONT-3), with target enrollment achieved in October 2023.
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