Novocure Ltd's experimental device to treat a type of lung cancer helped in extending overall survival among patients in a late-stage study, but concerns around its commercial success sent shares down 34%.
June 07, 2023
The device, used with certain chemotherapies and immunotherapies, helps in creating electric fields that disrupt cancer cell growth. However, only a small group of patients enrolled in the study were previously treated with ICI such as Merck's Keytruda in first line setting, while a majority of the patients were given the ICI as second-line treatment in the study.
Some analysts also said that the device may not do well commercially at least in the United States, where checkpoint inhibitors are currently the standard of care.
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