Alector Llc announced it raised $32.3 Million in an initial filing from an offering of $32.3 Million
Alector Llc announced it raised $32.3 Million in an initial filing from an offering of $32.3 Million
09/16/15, 2:04 PM
Location
Money raised
$32.3 million
Industry
biotechnology
Company Info
Location
south san francisco, california, united states
Additional Info
Alector is a late-stage clinical biotechnology company focused on developing therapies to counteract the devastating progression of neurodegenerative diseases. Leveraging the principles of genetics, immunology and neuroscience, the company is advancing a portfolio of genetically validated programs that aim to remove toxic proteins, replace deficient proteins, and restore immune and nerve cell function. Supported by biomarkers, Alector’s product candidates seek to treat a range of indications, such as frontotemporal dementia, Alzheimer’s disease, and Parkinson's disease. The company is also developing Alector Brain Carrier (ABC), a proprietary blood-brain barrier platform, which is being selectively applied to its next-generation product candidates and research pipeline. ABC aims to enhance the delivery of therapeutics, achieve deeper brain penetration and efficacy at lower doses, and ultimately improve patient outcomes while reducing costs.