five million1. The remaining Jounce workforce will work to finish the sale of the corporate, perform pursuits to maximize the worth from the CVR, function to make sure that individuals to the Pick and INNATE trials have the chance to continue receiving therapy with vopratelimab, JTX-8064 and pimivalimab and to usually make sure a sleek transition to Concentra.
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In effect, starting from scratch. Even when you qualify for an extremely favorable set amount, you'll be nevertheless shelling out curiosity for 15 to 30 years. That is a price that shouldn't be ignored.
Jounce Therapeutics, Inc. is really a medical-phase immunotherapy firm committed to transforming the remedy of cancer by establishing therapies that permit the immune procedure to attack tumors and provide extensive-lasting Positive aspects to individuals by way of a biomarker-driven solution.
Along side the merger agreement, Jounce is employing a workforce reduction of around eighty four% of its staff. This reduction is predicted to get completed within the next thirty day period and Jounce will incur restructuring charges totaling about $6.
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