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Why Alector Is Tumbling 28.7% Today

TheMotleyFool

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Shares in Alector (NASDAQ: ALEC) are tumbling 28.7% at 12:30 p.m. EDT on Wednesday over concerns COVID-19 could negatively impact patient enrollment and monitoring in clinical-stage trials of AL001.

The biotech company's AL001 is being evaluated for use in frontotemporal dementia patients with a progranulin gene (PGRN) mutation.

IMAGE SOURCE: GETTY IMAGES.

Source Fool.com

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