THIS jnce is tempting
JTX-1811 IND-clearance further validates Jounce platform, says Roth Capital 13:58 JNCE, GILD Roth Capital analyst Zegbeh Jallah notes that Jounce Therapeutics (JNCE) announced IND-clearance for JTX-1811, its CCR8 antibody licensed to Gilead (GILD), and per the agreement, this milestone triggers a $25M payment to Jounce. Gilead will now also assume all future development associated with the program, and Jounce is eligible to receive an additional $660M in milestone payments plus royalties. The analyst believes that JTX-1811 has significant potential in immuno-oncology, further validating Jounce's immunooncology platform, and looks forward to hearing more at the company's Virtual R&D day on June 23rd. Jallah has a Buy rating and a price target of $15 on Jounce's shares. Show Related Items >>