Jounce Therapeutics Receives Unsolicited Proposal from Concentra Biosciences

(24/7 MARKET NEWS) – The Board of Directors of Jounce Therapeutics, Inc. (NASDAQ:JNCE) reported receiving an unsolicited and non-binding proposal to acquire 100% of the equity of Jounce from Concentra Biosciences, LLC, currently an approximately 10.2% shareholder of Jounce, for $1.80 in cash per share plus a contingent value right (“CVR”) representing the right to receive 80% of the net proceeds payable from any license or disposition of certain of Jounce’s legacy programs.

Jounce Therapeutics is trading at $1.44, up $0.38 (+35.85%), on 4.8 million premarket shares.

Its 52-week trading range is $0.5773 to $7.94. It’s now trading above its recent resistance levels and if it maintains today’s strong trading volume, its setup is favorable to potential retrace November’s move to $2+.

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