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Novocure Announces Strategic Alliance with NYU Grossman School of Medicine for Preclinical and Clinical Research

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Novocure (NASDAQ: NVCR) has formed a strategic alliance with NYU Grossman School of Medicine’s Department of Radiation Oncology to advance the development of Tumor Treating Fields, a therapy utilizing electric fields to disrupt cancer cell division. This partnership aims to establish NYU as a research center for Tumor Treating Fields, facilitating clinical trials and studying its effects in conjunction with radiation therapy and pharmacological agents. The collaboration represents a significant step toward enhancing treatment strategies for aggressive cancers.

Positive
  • Strategic alliance with NYU Grossman School of Medicine to advance Tumor Treating Fields research.
  • Focus on studying Tumor Treating Fields in conjunction with radiation therapy and pharmacological agents.
  • Partnership is expected to enhance clinical trial development and treatment strategies for aggressive cancers.
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  • None.

ST. HELIER, Jersey--()--Novocure (NASDAQ: NVCR) today announced it has entered into a strategic alliance with the NYU Grossman School of Medicine’s Department of Radiation Oncology that provides a framework for preclinical and clinical development projects studying Tumor Treating Fields. Novocure’s Tumor Treating Fields are electric fields that disrupt cancer cell division.

“It is our goal to establish NYU as a center for Tumor Treating Fields research and development based on the academic interests of the Department of Radiation Oncology and its collaborators,” said Dr. Erik Sulman, co-director of the Brain and Spine Tumor Center at NYU Langone’s Perlmutter Cancer Center. “This partnership will help bring us closer to our goal through the development of preclinical and clinical shared platforms, and facilitate rapid clinical trial development.”

Research to be conducted is designed to further the understanding of the interaction between Tumor Treating Fields and radiation therapy, to study Tumor Treating Fields in combination with various pharmacological agents, and to identify new indications for use. This translational research is intended to deepen the understanding of Tumor Treating Fields’ effects on cancer and to fuel development of new treatment strategies.

“We are excited to partner with a leading U.S. academic institution and look forward to working with NYU’s top researchers,” said William Doyle, Novocure’s Executive Chairman. “We believe that collaborations with leading academic research centers signify growing interest in Tumor Treating Fields across the scientific community and advance our mission to extend survival in some of the most aggressive forms of cancers.”

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. Tumor Treating Fields therapy uses electric fields to disrupt cancer cell division. Novocure’s commercialized products are approved in certain countries for the treatment of adult patients with glioblastoma and in the U.S. for the treatment of adult patients with malignant pleural mesothelioma. Novocure has ongoing or completed clinical trials investigating Tumor Treating Fields in brain metastases, non-small cell lung cancer, pancreatic cancer, ovarian cancer, liver cancer and gastric cancer.

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, Japan and Israel. For additional information about the company, please visit www.novocure.com or follow us at www.twitter.com/novocure.

Contacts

Investors:
Gabrielle Fernandes
gfernandes@novocure.com
603-206-7047

Media:
Jaclyn Stahl
jstahl@novocure.com
212-767-7516

FAQ

What is the purpose of Novocure's alliance with NYU?

The alliance aims to advance the development of Tumor Treating Fields and establish NYU as a research center for this therapy.

What are Tumor Treating Fields?

Tumor Treating Fields are electric fields used to disrupt cancer cell division, designed for treating aggressive cancers.

What research will be conducted under this partnership?

Research will focus on the interaction between Tumor Treating Fields and radiation therapy, as well as potential new indications for treatment.

How could this partnership impact Novocure's stock price?

The strategic alliance might positively influence Novocure's stock price by enhancing its research capabilities and potential treatment options.

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