Novocure

Novocure

NVCR
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NVCR · Stock Price

USD 16.83-0.55 (-3.16%)
Market Cap: $2.0B

Historical price data

Market Cap: $2.0BPipeline: 33 drugs (5 Phase 3)Patents: 20Founded: 2000Employees: 1300+HQ: Saint Helier, Jersey

Overview

Novocure is a commercial-stage oncology company with a mission to extend survival in aggressive cancers through its innovative Tumor Treating Fields (TTFields) therapy. Its core achievement is the successful development and regulatory approval of TTFields for glioblastoma and, more recently, locally advanced pancreatic cancer, validating its unique physics-based mechanism. The company's strategy is to methodically expand TTFields into large, underserved solid tumor indications through a focused clinical pipeline while leveraging its commercial infrastructure and deep scientific expertise.

Oncology

Technology Platform

Tumor Treating Fields (TTFields): Low-intensity, alternating electric fields delivered non-invasively via wearable devices to disrupt cancer cell division.

Pipeline

33
33 drugs in pipeline5 in Phase 3
DrugIndicationStageWatch
PaclitaxelOvarian CancerPhase 3
Pembrolizumab + Platinum based chemotherapyMetastatic Non-small Cell Lung CancerPhase 3
Gemcitabine + nab paclitaxelPancreas AdenocarcinomaPhase 3
TemozolomideGlioblastoma MultiformePhase 3
Immune checkpoint inhibitors or docetaxelNonsmall Cell Lung CancerPhase 3

Funding History

4
Total raised:$205M
IPO$125M
Series C$45M
Series B$25M
Series A$10M

Opportunities

The recent FDA approval in locally advanced pancreatic cancer opens a market 4-5x larger than glioblastoma.
Positive data from the LUNAR (NSCLC) and METIS (brain mets) trials could unlock multi-billion dollar indications, positioning TTFields as a backbone therapy in major solid tumors.

Risk Factors

Clinical failure in pivotal trials (e.g., PANOVA-3) remains the paramount risk.
Commercial execution in the competitive pancreatic cancer market and securing broad reimbursement for new indications are significant near-term challenges.

Competitive Landscape

Novocure has no direct competitors with an approved electric field modality, enjoying a strong patent moat. It competes contextually with standard chemotherapies, radiation, and emerging immunotherapies across its target indications, differentiating via its unique mechanism and combinability.

Company Timeline

2000Founded

Founded in Saint Helier, Jersey

2007Series B

Series B: $25.0M

2010Series C

Series C: $45.0M

2015IPO

IPO — $125.0M