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Alector Q2 2023 Earnings Report

Alector logo
$1.86 +0.08 (+4.49%)
(As of 12/20/2024 05:31 PM ET)

Alector EPS Results

Actual EPS
$0.02
Consensus EPS
-$0.81
Beat/Miss
Beat by +$0.83
One Year Ago EPS
N/A

Alector Revenue Results

Actual Revenue
$56.21 million
Expected Revenue
$3.63 million
Beat/Miss
Beat by +$52.58 million
YoY Revenue Growth
N/A

Alector Announcement Details

Quarter
Q2 2023
Time
N/A

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Alector Earnings Headlines

Alector (NASDAQ:ALEC) Cut to "Neutral" at Mizuho
Alector (NASDAQ:ALEC) Stock Rating Lowered by Stifel Nicolaus
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Alector downgraded to Neutral from Outperform at Mizuho
Stifel Downgrades Alector (ALEC)
Mizuho Securities downgrades Alector (ALEC) to a Hold
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About Alector

Alector (NASDAQ:ALEC), a clinical stage biopharmaceutical company, develops therapies for the treatment of neurodegeneration diseases. Its products include AL001, an immune activity in the brain with genetic links to multiple neurodegenerative disorders, which is in Phase III clinical trial for the treatment of frontotemporal dementia, Alzheimer's, Parkinson's, and amyotrophic lateral sclerosis diseases; and AL101 that is in Phase I clinical trial for the treatment of neurodegenerative diseases, including Alzheimer's and Parkinson's diseases. The company also offers AL002, a product candidate that is in Phase II clinical trial for the treatment of Alzheimer's disease. Alector, Inc. has a collaboration agreement with Adimab, LLC for the research and development of antibodies; and a strategic collaboration agreement with GlaxoSmithKline plc for the development and commercialization of monoclonal antibodies, such as AL001 and AL101 to treat neurodegenerative diseases. The company was founded in 2013 and is headquartered in South San Francisco, California.

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