NovoCure Limited

Novocure is a global oncology company dedicated to extending the survival of patients with some of the most aggressive forms of cancer through the development and commercialization of its innovative Tumor Treating Fields (TTFields) technology. The company's mission is patient-forward, focusing on pioneering a novel anti-mitotic therapy that uses electric fields to disrupt cancer cell division. Headquartered in Baar, Switzerland, Novocure also maintains U.S. headquarters in Portsmouth, New Hampshire, and research and development facilities in Haifa, Israel.

Novocure's core product portfolio includes TTFields delivery systems such as Optune Gio, Optune Lua, and Optune Pax. Optune Gio is approved for glioblastoma (GBM), while Optune Lua is utilized for metastatic non-small cell lung cancer (mNSCLC) and malignant pleural mesothelioma. Most recently, Optune Pax received U.S. FDA approval for locally advanced pancreatic cancer. The company's commercial reach extends across the United States, Germany, Japan, Greater China, and other international markets, with ongoing clinical trials exploring TTFields therapy in additional indications like brain metastases, gastric cancer, liver cancer, and ovarian cancer.

Recent notable developments include the U.S. FDA approval and commercial launch of Optune Pax for advanced pancreatic cancer in April 2026, alongside positive topline results from the Phase 2 PANOVA-4 clinical trial for metastatic pancreatic cancer in March 2026. Optune Lua also secured a CE Mark for mNSCLC in April 2025 and reimbursement approval in Japan for NSCLC in March 2026. Frank Leonard assumed the role of Chief Executive Officer in November 2025, succeeding Ashley Cordova. The company reported Q1 2026 net revenues of $174.1 million, a 12% year-over-year increase, and subsequently raised its full-year 2026 revenue guidance to between $690 million and $710 million. As of April 2026, Novocure maintains a market capitalization of approximately $1.75 billion, positioning itself as a key player in the oncology market despite ongoing investments in research and development.