Aegis Capital has issued a ‘Buy’ rating and $14 price target on shares of Novocure’s (NASDAQ: NVCR) stock. The report cites the company’s 151% growth in net revenues from 2015 to 2016 and attributes this growth primarily to Novovure’s Tumor Treating Fields (TTFields) technology. TTTFields have been approved for use in the U.S. and internationally for treating glioblastoma (GBM) patients. The company has big plans for 2017, including continuous market adoption in the U.S. and geographical expansion in Germany and Japan.
For more information, visit www.novocure.com
Novocure is an oncology company developing a profoundly different cancer treatment centered on a proprietary therapy called TTFields, the use of electric fields tuned to specific frequencies to disrupt solid tumor cancer cell division. Novocure’s commercialized product, Optune, is approved for the treatment of adult patients with glioblastoma. Novocure has built a commercial organization and launched Optune for the treatment of GBM in the United States, Germany, Switzerland and Japan, referred to as Novocure’s currently active markets. Novocure has ongoing or completed clinical trials investigating TTFields in brain metastases, non-small cell lung cancer, pancreatic cancer, ovarian cancer and mesothelioma. Headquartered in Jersey, Novocure has U.S. operations in Portsmouth, New Hampshire, Malvern, Pennsylvania, and New York City. Additionally, the company has offices in Germany, Switzerland and Japan, and a research center in Israel.
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