Adaptive is also building a map of the immune system as part of its strategic collaboration with Microsoft, the ultimate goal of which is the development of a universal diagnostic blood test that can detect any early stage disease. Additionally, Adaptive is working with Genentech to develop, manufacture and commercialize T-cell therapies for the treatment of a broad range of cancers. We made a modest initial investment in Alector, Inc. (ALEC), a biotechnology company focused on finding cures for neurodegenerative diseases. Alector's efforts currently focus on frontotemporal dementia ("FTD"), the most prevalent form of dementia in patients under 60 years of age. We estimate that approximately 170,000 people in the U.S. and EU currently suffer from FTD. Sadly, patients with FTD develop brain atrophy that is visible via MRI within 6-to-12 months of disease onset, and have an expected life span of approximately 10 years. At present, there are no therapies for FTD that have been approved by the FDA.