Exhibit 99.1

 

Novocure Reports 2015 Operating Statistics and Financial Results

 

605 active patients on Optune therapy at 2015 year end, an increase of 169 percent compared to 2014 year end

 

Publication of EF-14 phase 3 pivotal trial results in the Journal of the American Medical Association concludes adding TTFields to maintenance temozolomide chemotherapy significantly extends progression-free and overall survival in newly diagnosed GBM

 

Conference call at 5 p.m. EST today

 

St. Helier, Jersey – Novocure (NASDAQ: NVCR), a commercial stage oncology company pioneering a novel therapy for solid tumors, reported today 2015 operating statistics and financial results, highlighting strong growth in both prescriptions and active patients driven primarily by the October 2015 U.S. Food and Drug Administration (FDA) approval of Optune for the treatment of newly diagnosed glioblastoma (GBM).

 

“Upon receiving U.S. FDA approval for newly diagnosed GBM in October, our commercial team immediately started executing our commercial launch plan,” said Asaf Danziger, CEO of Novocure. “Knowing our therapy improves overall survival in newly diagnosed GBM, we operate – and will continue to operate – with a sense of urgency to get our therapy to patients. I’m extremely proud of our performance last quarter and am pleased to see this momentum continuing in 2016.”

 

“When one takes a step back and considers the milestones achieved by the Novocure team in 2015, it is truly inspiring,” said Novocure Executive Chairman Bill Doyle. “I believe our execution was exceptional in 2015 across functions and geographies and is a testament to our employees’ talent and dedication to our mission of bringing TTFields therapy to patients with solid tumor cancers. We have an ambitious agenda for 2016 and look to extend our track record of accomplishment.”

 

Key Commercial and Regulatory Milestones

 

·

Received U.S. FDA approval of Optune in combination with temozolomide for the treatment of newly diagnosed GBM.

 

·

Published EF-14 phase 3 pivotal trial results in the Journal of the American Medical Association (JAMA) concluding that adding Tumor Treating Fields (TTFields) to maintenance temozolomide chemotherapy significantly prolonged progression-free and overall survival of patients with newly diagnosed GBM.

 

·

Secured new positive coverage policies for Optune including from Aetna and Anthem, the second and third largest U.S. commercial payers, respectively. Approximately 97 million Americans now have health coverage from payers that have issued positive coverage policies for Optune.

 


The following information was filed by Novocure Ltd (NVCR) on Monday, February 29, 2016 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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