Shares of Alector Inc (ALEC) have risen by just 6% from its February 2019 IPO price point of $19. At the time the company took in around $176 million in proceeds (not including underwriter option of 1,387,500 shares). Investment banks involved included Morgan Stanley, BofA Merill Lynch, Cowen and Barclays.
After reading an intriguing Q1 report where it was evident that several key programs were moving into early-stage studies, I decided to dig deeper to determine if there's a near- to medium-term opportunity for us to take advantage of here.
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