other material
confidence high
sentiment negative
materiality 0.85
AbbVie terminates TREM2 program and collaboration with Alector after Phase 2 miss
Alector, Inc.
- INVOKE-2 Phase 2 trial of AL002 in early Alzheimer's disease did not meet primary endpoint (announced Nov 25, 2024).
- AbbVie provided written termination notice on Jan 9, 2025 for TREM2 program and the overall collaboration agreement.
- Termination effective 30 days from receipt of Jan 9 termination letter; no other programs remain in the partnership.
- The TREM2 program was the only remaining program under the AbbVie Agreement, so termination ends the entire collaboration.