Jounce's Immunotherapy Recruiting Coup

Cancer immunotherapy start-up Jounce Therapeutics scored a major recruiting coup in naming former Merck SVP Richard Murray as its new CEO. At Merck, Murray was integrally involved in advancing Merck's anti-PD-1 program and in ushering pembrolizumab from the lab through to the acceptance of its Biologics License Application filing in just over three years.

Five years ago, there was not much happening with cancer immunotherapeutics at a commercial level. Now, almost every company with biological research capacity is working in the area. The tipping point was Bristol-Myers Squibb Co.’s antibody Yervoy (ipilimumab), the first and as yet only therapeutic product marketed as a “checkpoint inhibitor.” Approved by the FDA in March 2011, Yervoyinhibits a protein called CTLA-4, only recently recognized as a mechanism by which tumors can shut down the immune system and thereby protect themselves. Impeding inhibition has turned out to be an exceedingly successful approach in a subset of patients diagnosed with stage IV melanoma. Ordinarily, with a death sentence delayed only months by conventional treatments, some 22% of individuals treated with Yervoy remain alive three years later. The drug fetches $120,000 per four-injection course of treatment, and will generate over $1 billion in revenues for BMS in 2014.

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