NEW YORK, Feb. 07, 2019 (GLOBE NEWSWIRE) -- Alector, Inc. (Nasdaq: ALEC), a clinical stage biotechnology company,
rang the Nasdaq MarketSite bell in Times Square today in celebration of its initial public offering (IPO) on The Nasdaq Stock
Market.
Alector is pioneering immuno-neurology, a novel therapeutic approach to counteract the multiple pathologies that cause
degenerative brain disorders by restoring healthy immune function to the brain. Supporting its scientific approach, the Company’s
Discovery Platform enables them to advance a broad portfolio of product candidates, validated by human genetics, which they believe
will improve the probability of technical success of these product candidates and shorten the development timelines to bring these
therapies to patients.
“At Alector, we are pioneering immuno-neurology, a new approach for the treatment of neurodegenerative disorders with high unmet
need. We are combining integrated insights from human genetics and immunology to advance a number of programs, with our initial
focus on Alzheimer’s disease and frontotemporal dementia,” said Arnon Rosenthal, Ph.D., co-founder and chief executive officer of
Alector. “We are excited to be joining The Nasdaq Stock Market as we work to advance our programs and bring treatments to
patients.”
“Alector is leveraging a novel approach to broadly address multiple neurodegenerative disorders by engaging the brain’s immune
system,” said Nelson Griggs, President of the Nasdaq Stock Exchange. “We are so excited to welcome them to the Nasdaq family of the
most innovative companies in the world, and look forward to see how they continue to make strides in the biotechnology sector.”
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Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results.
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PROFESSIONAL IS STRONGLY ADVISED.
About Nasdaq
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Alector Rings the Nasdaq Stock Market Opening Bell in Celebration of Its IPO
Arnon Rosenthal, Ph.D., co-founder and chief executive officer of Alector rings the Nasdaq Stock Market Opening
Bell.