Revenue Update on Novocure Ltd(NASDAQ:NVCR)

Novocure Ltd(NASDAQ:NVCR) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 28, 2016. Company reported revenue of $17.92M. Analysts estimated a revenue of $15.90M. Earnings per share were $-0.48. Analysts had estimated an EPS of $-0.37.

Several Insider Transactions has been reported to the SEC. On Jun 10, 2016, Michael J. Ambrogi (Chief Operating Officer) sold 20,000 shares at $12.24 per share price.Also, On Mar 4, 2016, Asaf Danziger (CEO) purchased 10,000 shares at $15.00 per share price.On Mar 4, 2016, Robert J Jr Mylod (director) purchased 20,000 shares at $15.78 per share price, according to the Form-4 filing with the securities and exchange commission.

NovoCure Limited (NovoCure) is a commercial-stage oncology company. The Company is engaged in developing a therapy called Tumor Treating Fields (TTFields) for the treatment of solid tumor cancers. Its TTFields is an anti-mitotic treatment. It also focuses on the clinical trials for the use of TTFields in brain metastases advanced non-small cell lung cancer (NSCLC) pancreatic cancer ovarian cancer and mesothelioma. It is engaged in pipeline development for various indications such as recurrent glioblastoma diagnosed glioblastoma brain metastasis squamous non-small cell lung cancer ovarian cancer pancreatic cancer mesothelioma breast cancer cervical cancer colorectal carcinoma liver metastases malignant melanoma prostate cancer renal adenocarcinoma and urinary transitional cell carcinoma. It offers Optune a TTFields delivery system for use as a monotherapy treatment and NovoTTF-100L for NSCLC.

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