Gilead to Acquire Remaining Immunotherapy GS-1811 Rights from Jounce Therapeutics

(24/7 MARKET NEWS) – Gilead Sciences, Inc. (Nasdaq: GILD) and Jounce Therapeutics, Inc. (Nasdaq: JNCE) announced, after yesterday’s market close, that they amended their existing license agreement for GS-1811 (formerly JTX-1811), enabling Gilead to buy out remaining contingent payments potentially due under their August 2020 license agreement.

Jounce Therapeutics is trading higher in this morning’s premarket, at $1.24, up $0.503 (+68.16%), on over 1 million shares traded.

Its 52-week range is $0.6017 to $10.13. Its key inflection points are $1.16 and $1.35

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