Alector Inc. Reports Q1 2025 Financials: Collaboration Revenue Drops to $3.7M, Net Loss Widens to $40.5M, EPS at $0.41

Reuters
09 May
<a href="https://laohu8.com/S/ALEC">Alector Inc.</a> Reports Q1 2025 Financials: Collaboration Revenue Drops to $3.7M, Net Loss Widens to $40.5M, EPS at $0.41

Alector Inc., a late-stage clinical biotechnology company, released its first-quarter 2025 financial results, reporting $3.7 million in collaboration revenue, a significant decrease from the $15.9 million reported in the same period of 2024. This decline was primarily attributed to the satisfaction of performance obligations related to the AL002 program and the latozinemab FTD-_C9orf72_ Phase 2 trial in the fourth quarter of 2024. The company reported a net loss of $40.5 million for the quarter ended March 31, 2025, compared to a net loss of $36.1 million during the same period in 2024. Research and development expenses decreased to $33.6 million from $45.2 million in the previous year, mainly due to reductions in the AL002 program and personnel costs. General and administrative expenses slightly increased to $14.7 million from $14.4 million in the first quarter of 2024. In terms of business updates, Alector is on track to report topline data from its INFRONT-3 Phase 3 clinical trial of latozinemab in frontotemporal dementia with a granulin gene mutation by the fourth quarter of 2025. The company also completed enrollment in the PROGRESS-AD Phase 2 trial of AL101 in early Alzheimer's disease. Alector's cash position, totaling $354.6 million, is anticipated to support operations into the second half of 2027, allowing the company to continue advancing its portfolio of drug candidates for neurodegenerative diseases.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Alector Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9447584-en) on May 08, 2025, and is solely responsible for the information contained therein.

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