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GSK Looks To Immuno-Neurology In $700m Alector Tie-up

Return to neuroscience follows activist investor showdown

 
• By Joseph Haas

Alector says upfront payment and earnouts will fully pay for development of AL101 and AL001 in frontotemporal dementia and indications including ALS, Alzheimer’s and Parkinson’s.

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GSK and Alector come together in major neuroscience collaboration

A day after a public showdown with activist investors Elliott Advisors, GlaxoSmithKline plc announced a significant return to neuroscience research and development, paying $700m up front for global development and commercial rights to a pair of clinical-stage antibody candidates from Alector Inc.

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