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German Federal Joint Committee Updates Medical Care Directive to include Tumor Treating Fields, establishing National Reimbursement for Optune in Germany

NovoCure Limited - Ordinary Shares (NVCR)  More Company Research Source: Business Wire
Last novocure limited - ordinary shares earnings: 4/30 06:00 am Check Earnings Report
US:NASDAQ Investor Relations: novocure.com/investor-relations
Directive mandates reimbursement coverage of Tumor Treating Fields for patients with newly diagnosed glioblastoma by the compulsory health insurance system ST. HELIER, Jersey--(BUSINESS WIRE)--Novocure (NASDAQ: NVCR) today announced that the German Federal Joint Committee, or G-BA, has updated its directive for Contracted Medical Care to include Tumor Treating Fields, establishing national reimbursement for Optune in newly diagnosed glioblastoma (GBM). The G-BA’s announcement follows a comprehensive benefit assessment of the technology."We are extremely pleased by the G-BA final coverage directive as it clearly recognizes the survival benefit provided for patients with newly diagnosed GBM when Optune is added to standard chemotherapy,” said Pritesh Shah, Novocure’s Chief Commercial Officer. “In addition to Germany, Optune is broadly reimbursed in the United States, Japan, Austria, Israel, and Sweden. Novocure remains actively involved in reimbursement discussions in other countries [Read more]
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Stockreport

German Federal Joint Committee Updates Medical Care Directive to include Tumor Treating Fields, establishing National Reimbursement for Optune in Germany

NovoCure Limited - Ordinary Shares  (NVCR) 
More Company Research Source: Business Wire
Last novocure limited - ordinary shares earnings: 4/30 06:00 am Check Earnings Report
US:NASDAQ Investor Relations: novocure.com/investor-relations
Directive mandates reimbursement coverage of Tumor Treating Fields for patients with newly diagnosed glioblastoma by the compulsory health insurance system ST. HELIER, Jersey--(BUSINESS WIRE)--Novocure (NASDAQ: NVCR) today announced that the German Federal Joint Committee, or G-BA, has updated its directive for Contracted Medical Care to include Tumor Treating Fields, establishing national reimbursement for Optune in newly diagnosed glioblastoma (GBM). The G-BA’s announcement follows a comprehensive benefit assessment of the technology."We are extremely pleased by the G-BA final coverage directive as it clearly recognizes the survival benefit provided for patients with newly diagnosed GBM when Optune is added to standard chemotherapy,” said Pritesh Shah, Novocure’s Chief Commercial Officer. “In addition to Germany, Optune is broadly reimbursed in the United States, Japan, Austria, Israel, and Sweden. Novocure remains actively involved in reimbursement discussions in other countries [Read more]
IMPACT SNAPSHOT
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NVCR
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Price Change %
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%
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Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
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High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
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%
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%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
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