Novocure Ltd's NVCR.O experimental device to treat a type of lung cancer helped in extending overall survival among patients in a late-stage study, but concerns around its commercial success sent the medical device maker's shares down more than 34% on Tuesday.
June 6 - Novocure Ltd's experimental device to treat a type of lung cancer helped in extending overall survival among patients in a late-stage study, but concerns around its commercial success sent the medical device maker's shares down more than 34% on Tuesday.
Data from the study shows that the device, along with a class of immunotherapies know as immune checkpoint inhibitors , extended survival by about eight months, compared to patients treated with ICI alone. Keytruda in first line setting, while a majority of the patients were given the ICI as second-line treatment in the study.
Some analysts also said that the device may not do well commercially at least in the United States, where checkpoint inhibitors are currently the standard of care.
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Novocure's lung cancer device extends survival in late-stage studyNovocure said on Tuesday its experimental device to treat a type of lung cancer showed a statistically significant improvement in extending overall survival among patients in a late-stage study.
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