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Jounce Therapeutics, Inc. (JNCE) SEC Filing 10-K Annual report for the fiscal year ending Monday, December 31, 2018

Jounce Therapeutics, Inc.

CIK: 1640455 Ticker: JNCE
jouncelogosmaller.jpg

Exhibit 99.1

Jounce Therapeutics Reports Fourth Quarter and Full Year 2018 Financial Results

- New data from two programs to be presented at AACR -
- New Phase 2 studies to be initiated in 2019 supported by established safety from dose escalation cohorts of vopratelimab (JTX-2011), with ipilimumab and with pembrolizumab -
- Ended 2018 with $195.9 million in cash, cash equivalents and investments -
- Company to host conference call and webcast today at 8:00 AM ET -
CAMBRIDGE, Mass., March 6, 2019
- Jounce Therapeutics, Inc. (NASDAQ: JNCE), a clinical-stage company focused on the discovery and development of novel cancer immunotherapies and predictive biomarkers for patient enrichment, today reported financial results and provided a corporate update for the fourth quarter and year ended December 31, 2018.

“2018 was an important year of learnings and significant progress for Jounce. We accomplished several milestones, most notably data readouts and analyses from the Phase 1/2 ICONIC trial for vopratelimab, formerly called JTX-2011, at ASCO and SITC, which provided important insights into vopratelimab’s mechanism of action and a strong scientific rationale for the next stage of clinical development. We also continued to advance our pipeline of immunotherapies including JTX-4014, our PD-1 inhibitor, which began a Phase 1 clinical trial and completed enrollment in the first cohort in late 2018,” said Richard Murray, Ph.D., chief executive officer and president of Jounce Therapeutics.

“In 2019, we plan to advance our first-in-class highly selective antibody JTX-8064, which targets the LILRB2 receptor on macrophages, by filing an IND and initiating a Phase 1 trial, supporting our goal of three immunotherapies in the clinic this year, while we continue to progress novel discovery programs toward development. We remain committed to advancing our pipeline through our unique translational approach and are convinced, more than ever, that the potential for durable survival benefit in the next generation of immunotherapies will require investment in understanding translational mechanistic science and biomarkers from the clinic,” Dr. Murray continued.

Pipeline Highlights:
Vopratelimab (JTX-2011)
Combination safety data supports new Phase 2 studies: Dose escalation combination cohorts with ipilimumab and with pembrolizumab began enrollment in June 2018. Safety was acceptable with ipilimumab and with pembrolizumab, and these data support the next stage of clinical development.
Key data readouts presented at ASCO and SITC 2018: Jounce presented Phase 1/2 ICONIC data at the American Society for Clinical Oncology (ASCO) Annual Meeting in June 2018 and the Society for Immunotherapy of Cancer’s (SITC) Annual Meeting in November 2018.
Tumor reductions were associated with an ICOS pharmacodynamic biomarker, specifically, emergence in the peripheral blood of a population of ICOS hi CD4 T cells, which have the characteristics of activated CD4 T effector cells. In a separate study, these cells were not identified in patients treated with PD-1 inhibitor monotherapy, including responders. This pharmacodynamic



The following information was filed by Jounce Therapeutics, Inc. (JNCE) on Wednesday, March 6, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside this 10-K Annual Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Loss
Consolidated Statements Of Convertible Preferred Stock, Contingently Redeemable Common Stock And Stockholders??? (Deficit) Equity
Consolidated Statements Of Convertible Preferred Stock, Contingently Redeemable Common Stock And Stockholders??? (Deficit) Equity (Parenthetical)
Consolidated Statements Of Operations
401(K) Savings Plan
401(K) Savings Plan - Narrative (Details)
Accrued Expenses
Accrued Expenses (Details)
Accrued Expenses (Tables)
Basis Of Presentation And Summary Of Significant Accounting Policies
Basis Of Presentation And Summary Of Significant Accounting Policies (Policies)
Basis Of Presentation And Summary Of Significant Accounting Policies (Tables)
Basis Of Presentation And Summary Of Significant Accounting Policies - Narrative (Details)
Basis Of Presentation And Summary Of Significant Accounting Policies - Schedule Of Revenue Recognition (Details)
Celgene Collaboration Agreement
Celgene Collaboration Agreement (Tables)
Celgene Collaboration Agreement - Narrative (Details)
Celgene Collaboration Agreement - Performance Obligations (Details)
Celgene Collaboration Agreement - Schedule Of Contract Liabilities (Details)
Commitments And Contingencies
Commitments And Contingencies (Tables)
Commitments And Contingencies - Future Minimum Lease Payments (Details)
Commitments And Contingencies - Narrative (Details)
Common Stock
Common Stock (Tables)
Common Stock - Narrative (Details)
Common Stock - Shares Reserved For Future Issuance (Details)
Fair Value Measurements
Fair Value Measurements (Tables)
Fair Value Measurements - Assets Measured At Fair Value (Details)
Income Taxes
Income Taxes - Narrative (Details)
Income Taxes - Schedule Of Components Of Income Tax Provision (Details)
Income Taxes - Schedule Of Deferred Tax Assets And Liabilities (Details)
Income Taxes - Schedule Of Effective Income Tax Rate Reconciliation (Details)
Income Taxes Income Taxes (Tables)
Investments
Investments (Tables)
Investments - Narrative (Details)
Investments - Schedule Of Investments (Details)
Nature Of Business
Nature Of Business (Details)
Net Loss Per Share
Net Loss Per Share (Details)
Net Loss Per Share (Tables)
Preferred Stock
Preferred Stock (Details)
Prepaid Expenses And Other Current Assets
Prepaid Expenses And Other Current Assets (Tables)
Prepaid Expenses And Other Current Assets - Narrative (Details)
Prepaid Expenses And Other Current Assets - Schedule Of Prepaid Expenses And Other Current Assets (Details)
Property And Equipment, Net
Property And Equipment, Net (Tables)
Property And Equipment, Net - Narrative (Details)
Property And Equipment, Net - Schedule Of Property And Equipment (Details)
Related-Party Transactions
Related-Party Transactions (Details)
Restricted Cash
Restricted Cash (Tables)
Restricted Cash - Narrative (Details)
Restricted Cash - Schedule Of Cash, Cash Equivalents And Restricted Cash (Details)
Stock-Based Compensation
Stock-Based Compensation (Tables)
Stock-Based Compensation - Narrative (Details)
Stock-Based Compensation - Restricted Stock Activity (Details)
Stock-Based Compensation - Stock Option Activity (Details)
Stock-Based Compensation - Stock-Based Compensation Expense (Details)
Stock-Based Compensation - Weighted Average Assumptions (Details)
Ticker: JNCE
CIK: 1640455
Form Type: 10-K Annual Report
Accession Number: 0001640455-19-000021
Submitted to the SEC: Wed Mar 06 2019 11:09:16 AM EST
Accepted by the SEC: Wed Mar 06 2019
Period: Monday, December 31, 2018
Industry: Biological Products No Disgnostic Substances

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