ALEC
Alector, Inc.1.3900
-0.0300-2.11%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
151.72MP/E (TTM)
-Basic EPS (TTM)
-1.06Dividend Yield
0%Recent Filings
8-K
10-Q
8-K
8-K
Latozinemab trial fails; cuts ensue.
Alector disclosed that its Phase 3 INFRONT-3 trial of latozinemab failed to meet the clinical co-primary endpoint for slowing frontotemporal dementia progression, despite boosting plasma progranulin levels, prompting discontinuation of the open-label extension and continuation study. The company is slashing its workforce by 49%, affecting 75 employees, with $7.7 million in expected restructuring charges through mid-2026, while President Sara Kenkare-Mitra resigns effective December 22, 2025. Cash stands at $291.1 million as of September 30, 2025, funding operations through 2027. Yet risks loom in pipeline execution.
8-K
Alector Q2 results and pipeline update
Alector reported Q2 2025 financials, posting $7.9 million in collaboration revenue, down from $15.1 million last year due to completed milestones, while R&D expenses dropped to $27.6 million from $46.3 million amid workforce cuts. The company stays on track for INFRONT-3 Phase 3 topline data by mid-Q4 2025, targeting unmet needs in FTD-GRN, with $307.3 million in cash funding operations into late 2027. PROGRESS-AD Phase 2 wraps in 2026. Cash burn eased, yet trial risks loom.
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