Novocure gets FDA approval for its lung cancer treatment

seekingalpha
2024-10-16

Novocure (NASDAQ:NVCR) shares rose 6% after market on announcing U.S. FDA approval for Optune Lua for the treatment of adult patients with metastatic non-small cell lung cancer who have progressed on or after a platinum-based regimen.

The approval comes after a late stage trial for its cancer therapy reached its primary endpoint in patients with brain metastases resulting from lung cancer.

Optune Lua is a portable device that produces alternating electric fields known as tumor treating fields, which are delivered through non-invasive, wearable arrays.

Novocure's Chinese partner Zai Lab (ZLAB) is down 2% premarket.

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