Allyson J. Ocean, M.D., Joins Novocure Board of Directors

Rhea-AI Summary

Novocure (NASDAQ: NVCR) announced the election of Dr. Allyson J. Ocean to its Board of Directors. Dr. Ocean is a prominent medical oncologist with expertise in gastrointestinal oncology, currently serving at Weill Cornell Medicine. Her role is expected to enhance Novocure’s mission to extend survival in aggressive cancers through innovative therapies. She is also co-founder of a non-profit focused on pancreatic cancer treatment access. Novocure is known for its Tumor Treating Fields, a revolutionary therapy approved for conditions such as glioblastoma and malignant pleural mesothelioma, with ongoing studies in various cancers.

Positive

• Dr. Ocean's election brings extensive expertise in gastrointestinal oncology, which may enhance strategic direction.
• Her involvement could lead to improved insights and guidance in developing effective cancer therapies.

Negative

• Concerns may arise regarding continuity and potential experience gaps on the Board as new members join.

Dr. Ocean, a medical oncologist and Associate Professor of Clinical Medicine at Weill Cornell Medicine, brings decades of experience in oncology to Novocure

ROOT, Switzerland--(BUSINESS WIRE)-- Novocure (NASDAQ: NVCR) today announced that Allyson J. Ocean, M.D., has been elected to Novocure’s Board of Directors.

“We are honored to welcome Dr. Ocean to our board of directors,” said William Doyle, Novocure’s Executive Chairman. “With her extensive expertise in gastrointestinal oncology and as a practicing clinician, Dr. Ocean will provide important insights and guidance as we strive to extend survival in some of the most aggressive forms of cancer through the development and commercialization of our innovative therapy.”

Dr. Ocean is an internationally recognized academic gastrointestinal medical oncologist specializing in translational and clinical research, development of novel therapeutics and patient advocacy. Dr. Ocean is an Associate Professor of Clinical Medicine at Weill Cornell Medicine, where she has worked since 2004.

Dr. Ocean is co-founder and Scientific Advisory Board Chair of Let’s Win Pancreatic Cancer, an award-winning non-profit organization missioned to increase access to treatment options and clinical trials for patients with pancreatic cancer. Let’s Win received the inaugural Biden Cancer Initiative FIERCE Award for Leadership through Exemplary and Awesome Purpose for its transformative impact on the lives of cancer patients. Additionally, Dr. Ocean serves on several scientific advisory boards. Dr. Ocean graduated cum laude from Tufts University and received her M.D. with AOA honors from the Tufts University School of Medicine. She is the author of numerous peer-reviewed articles and abstracts and is an active member of several professional societies, including the American Society of Clinical Oncology and American Association for Cancer Research.

“I look forward to working with the esteemed individuals on Novocure’s board to advance our mission to help patients who currently have limited treatment options,” Dr. Ocean said. “As a clinician, I understand what these patients go through every day. The reality of cancer therapy is that many treatments are poorly tolerated and have harsh side effects even when they are effective. Through science, we can deliver better treatments to more patients.”

About Novocure

Novocure is a global oncology company working to extend survival in some of the most aggressive forms of cancer through the development and commercialization of its innovative therapy, Tumor Treating Fields. Novocure’s commercialized products are approved in certain countries for the treatment of adult patients with glioblastoma, malignant pleural mesothelioma and pleural mesothelioma. Novocure has ongoing or completed clinical studies investigating Tumor Treating Fields in brain metastases, gastric cancer, glioblastoma, liver cancer, non-small cell lung cancer, pancreatic cancer and ovarian cancer.

Headquartered in Root, Switzerland and with a growing global footprint, Novocure has regional operating centers in Portsmouth, New Hampshire and Tokyo, as well as a research center in Haifa, Israel. For additional information about the company, please visit Novocure.com and follow @Novocure on LinkedIn and Twitter.

Forward-Looking Statements

In addition to historical facts or statements of current condition, this press release may contain forward-looking statements. Forward-looking statements provide Novocure’s current expectations or forecasts of future events. These may include statements regarding anticipated scientific progress on its research programs, clinical study progress, development of potential products, interpretation of clinical results, prospects for regulatory approval, manufacturing development and capabilities, market prospects for its products, coverage, collections from third-party payers and other statements regarding matters that are not historical facts. You may identify some of these forward-looking statements by the use of words in the statements such as “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “believe” or other words and terms of similar meaning. Novocure’s performance and financial results could differ materially from those reflected in these forward-looking statements due to general financial, economic, environmental, regulatory and political conditions as well as issues arising from the COVID-19 pandemic and other more specific risks and uncertainties facing Novocure such as those set forth in its Annual Report on Form 10-K filed on February 23, 2023, and subsequent filings with the U.S. Securities and Exchange Commission. Given these risks and uncertainties, any or all of these forward-looking statements may prove to be incorrect. Therefore, you should not rely on any such factors or forward-looking statements. Furthermore, Novocure does not intend to update publicly any forward-looking statement, except as required by law. Any forward-looking statements herein speak only as of the date hereof. The Private Securities Litigation Reform Act of 1995 permits this discussion.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230223005180/en/

Investors:

Ingrid Goldberg

investorinfo@novocure.com

610-723-7427

Media:

Leigh Labrie

media@novocure.com

610-723-7428

Source: Novocure

FAQ

Who is Dr. Allyson Ocean and what role will she play at Novocure?

Dr. Allyson Ocean is a medical oncologist and has been elected to Novocure's Board of Directors, where she will provide insights into gastrointestinal oncology.

What impact does Dr. Ocean's election have on Novocure's strategy?

Dr. Ocean's expertise may guide Novocure's development of innovative therapies, particularly in gastrointestinal cancers.

What is Novocure's main therapy and its approved applications?

Novocure's primary therapy is Tumor Treating Fields, which is approved for glioblastoma, malignant pleural mesothelioma, and pleural mesothelioma.