Jounce dumps Redx Pharma for acquisition by Concentra; to cut 84% of jobs

Jounce dumps Redx Pharma for acquisition by Concentra; to cut 84% of jobs

Source: 
Yahoo/Reuters
snippet: 

Jounce Therapeutics Inc on Monday agreed to be acquired by privately held Concentra Biosciences for $96.46 million, while spurning a merger deal with British biotech firm Redx Pharma.