Another Bay Area biotech files plans to go public

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A South San Francisco company tapping the brain's immune system to treat Alzheimer's disease and other neurodegenerative conditions said Monday that it wants to raise $150 million in an initial public offering. Alector Inc., which has nearly 100 employees and last year closed a $225 million deal with AbbVie Inc. (NYSE: ABBV), would trade on the NASDAQ with the trading symbol "ALEC." It is the second South San Francisco biotech company with public plans for a likely 2019 IPO, joining Harpoon Therapeutics...

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