Release Date: February 27, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Q: Can you provide more details on when and where we might see the PANOVA full data presentation, and what additional insights might be revealed compared to the top line disclosure? A: Unfortunately, we can't provide specific details yet, but we are targeting all major conferences in the spring. We will share more information once we have confirmed acceptance. These are important data, and we are eager to present them soon. - Ashley Cordova, CEO, and Nicolas Leupin, Chief Medical Officer
Q: What are your expectations for the trajectory of the lung cancer launch, and can you provide insights into physician and patient engagement? A: Our focus is on ensuring a strong positive first experience for physicians and patients, which builds confidence for future prescriptions. We are also working towards positive coverage policies with payers. We don't provide specific guidance, but we aim to build on the strong start and establish good relationships with practices and payers. - Frank Leonard, EVP and President, Novocure Oncology
Q: Can you elaborate on the improved US approval rates and their impact on revenue, and what should we expect for 2025? A: In 2024, growth from improved approval rates was $42 million, with $22 million from prior periods. We don't expect similar impacts going forward, as approval rates are at a level where there's not much room for improvement. Growth will align with Optune Gio active patient growth. - Christoph Brackmann, CFO
Q: What are the expectations for the METIS and PANOVA publications and filings, and is there any reason for the timing? A: We expect publications this year and are finalizing submissions. We are in active pre-submission discussions with the FDA, utilizing our breakthrough device designation for interactive review. The timing reflects our focus on thorough preparation. These indications represent significant opportunities for market expansion. - Ashley Cordova, CEO
Q: Regarding the lung cancer launch, are initial prescriptions mainly for PD-1-naive patients, and are patients receiving both docetaxel and PD-1 inhibitors? A: We are seeing patients receive both docetaxel and immune checkpoint inhibitors concurrently with Tumor Treating Fields. We are also seeing retreatment with ICI or continuation for patients who had ICI in the front line, indicating a good demographic mix. - Frank Leonard, EVP and President, Novocure Oncology
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
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