ST. HELIER, Jersey--(EON: Enhanced Online News)--Novocure (NASDAQ:NVCR), a commercial-stage oncology company developing a proprietary therapy for solid tumors, will provide a business update as well as its preliminary operating statistics for the fourth quarter and full year 2016 at the 35th Annual J.P. Morgan Healthcare Conference on Jan. 11, 2017 in San Francisco.
“As of Dec. 31, 2016, we had nearly 1,100 active patients on treatment, including 256 patients in EMEA, reflecting the increasing importance of our non-U.S. markets.”
“The fourth quarter of 2016 was the eighth consecutive quarter of active patient growth for Novocure since the presentation of our successful EF-14 phase 3 pivotal trial data in newly diagnosed glioblastoma (GBM),” said Asaf Danziger, Novocure’s Chief Executive Officer. “As of Dec. 31, 2016, we had nearly 1,100 active patients on treatment, including 256 patients in EMEA, reflecting the increasing importance of our non-U.S. markets.”
Mr. Danziger continued, “The fourth quarter of 2016 was also marked by significant clinical milestones. A long-term analysis of the EF-14 data, presented at the 21st Annual Scientific Meeting of the Society for Neuro-Oncology in November, demonstrated a 70 percent improvement in survival rate at four years for patients treated with Optune together with temozolomide compared to patients treated with temozolomide alone. During our R&D day, we also shared topline results from phase 2 pilot studies in advanced pancreatic cancer, recurrent ovarian cancer and mesothelioma, suggesting that Tumor Treating Fields, when added to standard of care treatments, may improve patient outcomes.” *
Fourth Quarter and Full Year 2016 Operating Statistics
- There were 1,091 active patients on Optune therapy on Dec. 31, 2016, an increase of 80 percent versus Dec. 31, 2015. Of the active patients, 835 were in the U.S. and 256 were in Novocure’s EMEA markets.
- 706 prescriptions were received in the fourth quarter of 2016, an increase of 27 percent versus the fourth quarter of 2015. 544 of the prescriptions were received in the U.S. and 162 were received outside of the U.S., primarily in Europe.
- 2,808 prescriptions were received in 2016, an increase of 58 percent versus 2015. Of the prescriptions, 2,344 were received in the U.S. and 464 were received outside of the U.S., primarily in Europe.
* TTFields are not approved for the treatment of pancreatic cancer, recurrent ovarian cancer or mesothelioma. Their safety and effectiveness in these indications has not been established.
Novocure is a commercial-stage oncology company developing a proprietary therapy called Tumor Treating Fields, or TTFields, for the treatment of solid tumor cancers. Novocure’s commercialized product, Optune, is approved for the treatment of adult patients with glioblastoma. Novocure has ongoing or completed phase 2 pilot trials investigating TTFields in non-small cell lung cancer, pancreatic cancer, ovarian cancer and mesothelioma.
Headquartered in Jersey, Novocure has U.S. operations in Portsmouth, New Hampshire, Malvern, Pennsylvania, and New York City. Additionally, the company has offices in Germany, Switzerland and Japan, and a research center in Haifa, Israel. For additional information about the company, please visit www.novocure.com or follow us at www.twitter.com/novocure.
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