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The Boston Globe

Business

Cancer start-up will get $47m

Jounce to focus on immunotherapy; Third Rock has started 21 companies

Boston venture capital firm Third Rock Ventures is set to disclose Thursday that it is putting up $47 million to launch a cancer immunotherapy start-up in Cambridge.

The company will be called Jounce Therapeutics Inc., a name derived partly from a well-known physics term and partly from a synonym for jolt. It is meant to signal the dramatic change the company and its financial backers expect from their cancer-fighting approach.

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