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Keen On NASDAQ Slot, Concentra Looks To Scupper Jounce And Redx Merger

Mystery Firm Makes Last Minute Bid

 
• By Kevin Grogan

In February, Jounce’s future looked bleak after the failure of vopratelimab and fears that its finances would run out. Now, it has two suitors with Concentra making a bid to compete with an all-stock merger with the UK’s Redx.

New York
A NASDAQ listing is an attractive proposition • Source: Shutterstock: rblfmr

Less than a month after laying off half its staff and leaping onto a life raft thrown by Redx Pharma Plc, Jounce Therapeutics, Inc. has received a takeover offer from another suitor, little-known Concentra Biosciences.

Things have moved fast since the end of February when Jounce announced a 57% reduction of its workforce after saying...

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