NEW YORK, Feb. 07, 2019 (GLOBE NEWSWIRE) -- Alector, Inc. (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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A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/26cd3008-9209-4355-bea8-d2576d26f63a