Jounce Therapeutics Tumbles On ASCO Reveal, Is There Salvageable Data? [Seeking Alpha]
CELGENE (CELG)
Last celgene earnings: 10/31 07:30 am
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Source: Seeking Alpha
Jounce Therapeutics Tumbles On ASCO Reveal, Is There Salvageable Data?SummaryJounce Therapeutics tumbles on preliminary ASCO results for JTX-2011 but holds an opportunity to recover with newly updated data at the conference.JTX-2011 is also being explored in combination with a CTLA-4 inhibitor, which could open new opportunities for the pipeline.Jounce is even developing its own in-house anti-PD-1 inhibitor JTX-4014, which may yield high value in the coming years.The financials are in good shape, because the company has about 2 years worth of cash along with its Celgene partnership worth up to $2.3 billion in potential milestone payments.
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