Alector Increases 2023 Collaboration Revenue Outlook From $15M- $25M To $90M-$100M
Portfolio Pulse from Benzinga Newsdesk
Alector has increased its 2023 collaboration revenue outlook from $15M-$25M to $90M-$100M. The company is also decreasing its total research and development expenses to between $210M and $220M and reducing its total general and administrative expenses to between $60M and $65M.
August 04, 2023 | 2:49 pm
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POSITIVE IMPACT
Alector's increased revenue outlook and decreased expenses could potentially boost its profitability, which may positively impact its stock price in the short term.
Alector's decision to increase its revenue outlook while simultaneously decreasing its expenses indicates a potential increase in profitability. This could make the company more attractive to investors, potentially leading to an increase in demand for its stock and a subsequent rise in its stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100