Alector Licenses AL050 to Genentech for $100 Million Upfront
The deal includes up to $1.17 billion in milestones and royalties, extending Alector's cash runway into 2029.
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Biopharmaceutical company developing therapies for neurodegenerative diseases
alector.comLast updated
In short: Alector licensed its Parkinson's therapy AL050 to Genentech for $100M upfront, extending its cash runway into 2029.
The deal includes up to $1.17 billion in milestones and royalties, extending Alector's cash runway into 2029.
This Current Report discloses unscheduled material events or corporate changes occurring after the previous filing date of September 30, 2026.
The company shared recent portfolio and business updates alongside the quarterly earnings release.
The company highlights AL037/137 IND submission plans, discontinued nivisnebart trials, and reduced expenses driven by workforce reductions.
Genentech licenses Alector's experimental AL050 program, with another $1.17 billion tied to milestones, plus sales royalties. ...
Alector soars as Roche licenses Parkinson's therapy for up to $1.27 billion Swiss drugmaker Roche will pay up to $1.27 billion to license Alector's experimental...
Over the last two years, Alector has suffered three setbacks for its neurodegenerative disease pipeline, often forcing the company to downsize.
--Alector remains focused on advancing its pipeline of novel ABC-enabled candidates, including an anti-Aβ antibody for Alzheimer's disease (AD), a GCase enzyme replacement therapy (ERT...
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