{"id":538490,"date":"2021-09-15T08:04:29","date_gmt":"2021-09-15T12:04:29","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/jounce-therapeutics-appoints-jigar-raythatha-to-its-board-of-directors\/"},"modified":"2021-09-15T08:04:29","modified_gmt":"2021-09-15T12:04:29","slug":"jounce-therapeutics-appoints-jigar-raythatha-to-its-board-of-directors","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/jounce-therapeutics-appoints-jigar-raythatha-to-its-board-of-directors\/","title":{"rendered":"Jounce Therapeutics Appoints Jigar Raythatha to its Board of Directors"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"left\">CAMBRIDGE, Mass., Sept.  15, 2021  (GLOBE NEWSWIRE) &#8212; Jounce Therapeutics, Inc. (Nasdaq: JNCE), a clinical-stage company focused on the discovery and development of novel cancer immunotherapies and predictive biomarkers, today announced the appointment of former chief executive officer of Constellation Pharmaceuticals and former Jounce chief business officer, Jigar Raythatha, to its board of directors.<\/p>\n<p>\u201cIt\u2019s incredibly exciting to welcome Jigar to our board of directors. Not only does Jigar bring over 20 years of biotechnology industry experience, but he also comes with a unique position as an early employee of the company at its inception,\u201d said Richard Murray, Ph.D., chief executive officer and president of Jounce Therapeutics. \u201cJigar\u2019s leadership and business development expertise will enhance our board\u2019s diversified perspective. He was an integral part of creating the Jounce we know today, and we all look forward to collaborating with him once again.\u201d<\/p>\n<p>\u201cOver the course of the last several years, Jounce has established a strong position as a leader in novel immuno-oncology drug discovery, and I am thrilled to join the board at this time in the company\u2019s life cycle. Jounce\u2019s recent growth, pipeline diversification and partnership strategy are core to its track record as a leader in transforming the immuno-oncology landscape,\u201d said Jigar Raythatha. \u201cI look forward to providing insights from my prior experience with the company, coupled with my perspective as a former chief executive officer in the biotechnology industry.\u201d<\/p>\n<p>Jigar served as the chief executive officer of Constellation Pharmaceuticals, Inc. from 2017 until its acquisition by MorphoSys AG in July 2021. Jigar is also currently a member of the American Cancer Society New England Area Board. Before joining Constellation as chief executive officer, Jigar served as chief business officer of Jounce, where he helped build the company from inception to a 100-person, publicly traded organization. Earlier in his career, Jigar worked with Red Abbey Venture Partners and held roles of increasing responsibility at Biogen and as a management consultant at A.T. Kearney.<\/p>\n<p>In addition to Mr. Raythatha\u2019s appointment, Jounce announced that founding board member and previous interim chief executive officer, Cary Pfeffer, M.D., a partner at Third Rock Ventures, will resign from the Jounce board, effective December 31, 2021. Dr. Pfeffer was a founding member of Jounce\u2019s board of directors since 2013 and also served as chair of the Jounce board from 2014 to 2016.<\/p>\n<p>\u201cOn behalf of the Jounce Board of Directors, I want to thank Cary for his years of dedication to Jounce\u2019s science, team and mission,\u201d said Perry Karsen, chair of the Board of Jounce Therapeutics. \u201cCary\u2019s initial vision, his continuous guidance, and his unwavering support were invaluable to the creation and development of Jounce\u2019s Translational Science Platform, helping us further our goal of matching the right immunotherapy to the right patients for meaningful and long-lasting therapeutic benefit.\u201d<\/p>\n<p>\n        <strong>About Jounce Therapeutics<\/strong><br \/>\n        <br \/>Jounce Therapeutics, Inc. is a clinical-stage immunotherapy company dedicated to transforming the treatment of cancer by developing therapies that enable the immune system to attack tumors and provide long-lasting benefits to patients through a biomarker-driven approach. Jounce currently has multiple development stage programs ongoing while simultaneously advancing additional early-stage assets from its robust discovery engine based on its Translational Science Platform. Jounce\u2019s highest priority program, JTX-8064, is a LILRB2 (ILT4) receptor antagonist shown to reprogram immune-suppressive tumor associated macrophages to an anti-tumor state in preclinical studies. A Phase 1 clinical trial, named INNATE, of JTX-8064 as a monotherapy and in combination with pimivalimab (formerly JTX-4014), Jounce\u2019s internal PD-1 inhibitor, is currently enrolling patients with advanced solid tumors. Jounce\u2019s most advanced product candidate, vopratelimab, is a monoclonal antibody that binds to and activates ICOS and is currently being studied in the SELECT Phase 2 trial. Pimivalimab is a PD-1 inhibitor intended for combination use in the INNATE and SELECT trials and with Jounce\u2019s broader pipeline. Additionally, Jounce obtained IND clearance for and exclusively licensed worldwide rights to JTX-1811, a monoclonal antibody targeting CCR8 and designed to selectively deplete T regulatory cells in the tumor microenvironment, to Gilead Sciences, Inc. For more information, please visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=E_dPElxb-dxuZTI_a2EWK8YPEEzLjHWUHjqknzhDcRX4r66PC1h3bGFxEBVbAAR1jNxS-BmMuURfOB4gRf19IA==\" rel=\"nofollow noopener\" target=\"_blank\">www.jouncetx.com<\/a>.<\/p>\n<p>\n        <strong>Cautionary Note Regarding Forward-Looking Statements<\/strong><br \/>\n        <br \/>\n        <em>Various statements in this release concerning Jounce\u2019s future expectations, plans and prospects, including without limitation, Jounce\u2019s expectations regarding the progress and results of clinical trials of Jounce\u2019s product candidates, including JTX-8064, vopratelimab and pimivalimab; and identification, selection and enrollment of patients for Jounce\u2019s clinical trials may constitute forward-looking statements for the purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995 and other federal securities laws and are subject to substantial risks, uncertainties and assumptions. You should not place reliance on these forward-looking statements, which often include words such as \u201cgoal,\u201d \u201cwill\u201d or similar terms, variations of such terms or the negative of those terms. Although Jounce believes that the expectations reflected in the forward-looking statements are reasonable, Jounce cannot guarantee such outcomes. Actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors, including, without limitation, risks that the COVID-19 pandemic may disrupt Jounce\u2019s business and\/or the global healthcare system more severely than anticipated, which may have the effect of delaying enrollment and completion of Jounce\u2019s ongoing clinical trials, or delaying timelines or data disclosures and regulatory submissions for its product candidates; Jounce\u2019s ability to successfully demonstrate the efficacy and safety of its product candidates and future product candidates; the preclinical and clinical results for its product candidates, which may not support further development and marketing approval; the potential advantages of Jounce\u2019s product candidates; Jounce\u2019s ability to successfully manage its clinical trials; the development plans of its product candidates and any companion or complementary diagnostics; management of Jounce\u2019s supply chain for the delivery of drug product and materials for use in clinical trials and research and development activities; actions of regulatory agencies, which may affect the initiation, timing and progress of preclinical studies and clinical trials of Jounce\u2019s product candidates; Jounce\u2019s ability to obtain, maintain and protect its intellectual property; Jounce\u2019s ability to manage operating expenses and capital expenditures; and those risks more fully discussed in the section entitled \u201cRisk Factors\u201d in Jounce\u2019s most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission as well as discussions of potential risks, uncertainties, and other important factors in Jounce\u2019s subsequent filings with the Securities and Exchange Commission. All such statements speak only as of the date made, and Jounce undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.<\/em>\n      <\/p>\n<p>\n        <strong>Investor and Media Contacts:<\/strong>\n      <\/p>\n<p>Mark Yore<br \/>Jounce Therapeutics, Inc.<br \/>+1-857-200-1255 <br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=v4bbN8UtgLAw4kUv6pA0idmzfUwQBBxxllERCE9dBFnT-4oXV9rmqzXpXYKiwDv09TtX-OxMg-DlmsUECHDHk7IMIr17sytoEOIe6VQOPrs=\" rel=\"nofollow noopener\" target=\"_blank\">myore@jouncetx.com<\/a><\/p>\n<p>Julie Seidel<br \/>Stern Investor Relations<br \/>+1-212-362-1200<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=mhcWdYgPwoYIfIoZwlfL-uz7C_DhAvbKS-QnyGjOEiQG-VorAxDOUa9octjf1-uCfWaLVZr_jb6hgjw87XW2xzkHvpGTtknlWq_S_7ff0sI=\" rel=\"nofollow noopener\" target=\"_blank\">Julie.Seidel@sternir.com<\/a><\/p>\n<p \/>\n      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODMyNTg0MiM0NDA1MDUwIzIwMjYxMzk=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/OGU3ZDM4MmMtZjEyNS00ZmUzLWI3NjctNzk1OWY3M2I4YWE3LTEwMzc3MTE=\/tiny\/Jounce-Therapeutics-Inc-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>CAMBRIDGE, Mass., Sept. 15, 2021 (GLOBE NEWSWIRE) &#8212; Jounce Therapeutics, Inc. (Nasdaq: JNCE), a clinical-stage company focused on the discovery and development of novel cancer immunotherapies and predictive biomarkers, today announced the appointment of former chief executive officer of Constellation Pharmaceuticals and former Jounce chief business officer, Jigar Raythatha, to its board of directors. \u201cIt\u2019s incredibly exciting to welcome Jigar to our board of directors. Not only does Jigar bring over 20 years of biotechnology industry experience, but he also comes with a unique position as an early employee of the company at its inception,\u201d said Richard Murray, Ph.D., chief executive officer and president of Jounce Therapeutics. \u201cJigar\u2019s leadership and business development expertise will enhance our board\u2019s diversified perspective. He &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/jounce-therapeutics-appoints-jigar-raythatha-to-its-board-of-directors\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Jounce Therapeutics Appoints Jigar Raythatha to its Board of Directors&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-538490","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Jounce Therapeutics Appoints Jigar Raythatha to its Board of Directors - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/jounce-therapeutics-appoints-jigar-raythatha-to-its-board-of-directors\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Jounce Therapeutics Appoints Jigar Raythatha to its Board of Directors - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"CAMBRIDGE, Mass., Sept. 15, 2021 (GLOBE NEWSWIRE) &#8212; Jounce Therapeutics, Inc. (Nasdaq: JNCE), a clinical-stage company focused on the discovery and development of novel cancer immunotherapies and predictive biomarkers, today announced the appointment of former chief executive officer of Constellation Pharmaceuticals and former Jounce chief business officer, Jigar Raythatha, to its board of directors. \u201cIt\u2019s incredibly exciting to welcome Jigar to our board of directors. Not only does Jigar bring over 20 years of biotechnology industry experience, but he also comes with a unique position as an early employee of the company at its inception,\u201d said Richard Murray, Ph.D., chief executive officer and president of Jounce Therapeutics. \u201cJigar\u2019s leadership and business development expertise will enhance our board\u2019s diversified perspective. 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(Nasdaq: JNCE), a clinical-stage company focused on the discovery and development of novel cancer immunotherapies and predictive biomarkers, today announced the appointment of former chief executive officer of Constellation Pharmaceuticals and former Jounce chief business officer, Jigar Raythatha, to its board of directors. \u201cIt\u2019s incredibly exciting to welcome Jigar to our board of directors. Not only does Jigar bring over 20 years of biotechnology industry experience, but he also comes with a unique position as an early employee of the company at its inception,\u201d said Richard Murray, Ph.D., chief executive officer and president of Jounce Therapeutics. \u201cJigar\u2019s leadership and business development expertise will enhance our board\u2019s diversified perspective. 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