NEW YORK, NY / ACCESSWIRE / June 19, 2023 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of NovoCure Limited ("NovoCure" or the "Company") (NASDAQ:NVCR). Investors who purchased NovoCure securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/nvcr.
The investigation concerns whether NovoCure has violated federal securities laws.
On June 6, 2023, NovoCure announced "positive results" from the Phase 3 LUNAR clinical trial evaluating the use of its Tumor Treating Fields ("TTFields") therapy together with standard therapies for the treatment of non-small cell lung cancer. Despite reporting that patients receiving TTFields combined with standard therapies achieved median overall survival ("OS") of 13.2 months, compared to 9.9 months for patients treated only with standard therapies, analysts noted that the therapy was tested in patients who worsened following chemotherapy, which is no longer the standard of care in lung cancer, and that most patients first receive immune checkpoint inhibitors ("ICIs"). Although the Company stated that there was a "profound OS benefit" with a subgroup of patients who received ICIs, only a few patients (66) were treated with ICIs. Following this news, NovoCure stock dropped $35.51 per share, or 43.04%, to close at $47.00 on June 6, 2023.
If you are aware of any facts relating to this investigation or purchasedNovoCure shares, you can assist this investigation by visiting the firm's site: www.bgandg.com/nvcr. You can also contact Peretz Bronstein or his law clerk and client relations manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC represents investors in securities fraud class actions and shareholder derivative suits. The firm has recovered hundreds of millions of dollars for investors nationwide. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Nathanson
212-697-6484 | info@bgandg.com
SOURCE: Bronstein, Gewirtz & Grossman, LLC