Jounce Therapeutics Reports Second Quarter 2021 Financial Results
CAMBRIDGE, Mass., Aug. 05, 2021 (GLOBE NEWSWIRE) -- Jounce Therapeutics, Inc. (NASDAQ: JNCE), a clinical-stage company focused on the discovery and development of novel cancer immunotherapies and predictive biomarkers, today reported financial results for the second quarter ended June 30, 2021 and provided a corporate update.
- - INNATE monotherapy dose escalation enrollment completed and target dose selected, on track to initiate indication specific expansions in third quarter 2021-
- Ended the quarter with $246.1 million in cash, cash equivalents and investments -
CAMBRIDGE, Mass., Aug. 05, 2021 (GLOBE NEWSWIRE) -- Jounce Therapeutics, Inc. (NASDAQ: JNCE), a clinical-stage company focused on the discovery and development of novel cancer immunotherapies and predictive biomarkers, today reported financial results for the second quarter ended June30, 2021 and provided a corporate update. - Second Quarter 2021 Financial Results:
Cash position: As of June30, 2021, cash, cash equivalents and investments were $246.1 million, compared to $213.2 million as of December31, 2020. - License and collaboration revenue: Jounce recognized $25.4 million of license and collaboration revenue during the second quarter of 2021.
- The decrease in net loss and net loss per share was attributable to revenue recognized in the second quarter of 2021.