Brief: Alector Inc Says As Of March 10, Had Deposit Accounts With SVB With Balance Of About 1% Of Co's Total Cash, Cash Equivalents, Marketable Securities

Alector

13/03/2023 12:18

March 13 (Reuters) - Alector Inc  ALEC.O :
    * ALECTOR INC - AS OF MARCH 10, HAD DEPOSIT ACCOUNTS WITH
SVB WITH
BALANCE OF ABOUT 1% OF CO'S TOTAL CASH, CASH EQUIVALENTS AND
MARKETABLE SECURITIES
    * ALECTOR - DOES NOT UTILIZE SVB FOR PAYROLL PURPOSES, DO
NOT
EXPECT ANY MATERIAL IMPACT TO OPERATIONS OR PAYROLL OBLIGATIONS

Further company coverage:  ALEC.O 

 ((Reuters.Briefs@thomsonreuters.com;))