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Alector secures a $1.27 billion deal with Genentech to advance its AL050 Parkinson’s disease program, including $100 million upfront and potential milestones. This partnership extends Alector's cash runway into 2029.

PUBLIC · ALECOct 05, 2026

Amount Raised

$1.27 Billion

Round Type

Venture

South San FranciscoBiotechnology

Investors

Genentech

Description

Alector has entered into an exclusive global licensing agreement with Genentech, potentially worth $1.27 billion for its AL050 Parkinson’s disease program. The agreement provides Alector with $100 million upfront, milestone payments up to $1.17 billion, and tiered royalties on net sales. Genentech will manage development, regulatory activities, and commercialization. This strategic partnership extends Alector's cash runway significantly, allowing focus on critical therapeutic advancements.

Company Information

Company

Alector

Location

South San Francisco, California, United States

About

Alector is a clinical-stage biotechnology company focused on developing therapies to counteract the devastating progression of neurodegenerative diseases. Leveraging the principles of genetics, immunology, and neuroscience, the company is advancing a portfolio of programs that aim to remove toxic proteins, replace missing proteins, and restore immune and nerve cell function. Supported by biomarkers, Alector’s product candidates seek to treat a range of indications, such as Alzheimer’s disease, Parkinson's disease, and frontotemporal dementia. The company is also developing Alector Brain Carrier (ABC), a proprietary blood-brain barrier platform, which is being selectively applied to its preclinical and research pipeline. ABC aims to enhance the delivery of therapeutics, achieve deeper brain penetration and efficacy at lower doses, and ultimately improve patient outcomes while reducing costs.

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