FDA Approves NovoCure's Portable Device Producing Tumor-Treating Electric Fields For Previously Treated Lung Cancer Patients
Portfolio Pulse from Vandana Singh
The FDA has approved NovoCure's Optune Lua, a portable device that uses tumor-treating electric fields, for use with certain inhibitors or docetaxel in treating metastatic non-small cell lung cancer. The approval follows positive results from the Phase 3 LUNAR study, showing significant improvements in overall survival rates. NovoCure's stock (NVCR) rose by 26.20% following the news.
October 16, 2024 | 11:28 am
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NovoCure's Optune Lua received FDA approval for treating metastatic non-small cell lung cancer, showing significant survival benefits in the LUNAR study. This approval is a major milestone, leading to a 26.20% increase in NVCR stock.
The FDA approval of Optune Lua is a significant development for NovoCure, as it marks a major advancement in lung cancer treatment with proven survival benefits. The positive results from the LUNAR study and the subsequent stock price increase of 26.20% indicate strong investor confidence and potential for further growth.
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