Mizuho Securities USA LLC has reiterated its ‘Buy’ rating and issued a price target of $51 on shares of NovoCure Limited’s (NASDAQ: NVCR) stock. NovoCure is an oncology company engaged in the development of an incomparable cancer treatment employing tumor treating fields. This proprietary therapy works by using electric fields tuned to specific frequencies to disrupt solid tumor cancer cell division. Mizuho’s analysis follows shortly after the company’s recently reported financial results for the three months ended September 30, 2018. Among other highlights from the earnings report, the company reported net revenues for the third quarter 2018 of $64.8 million, demonstrating a 29% growth over the same period of the previous year.
For more information, visit www.Novocure.com
About Novocure
Novocure is an oncology company developing a profoundly different cancer treatment utilizing a proprietary therapy called Tumor Treating Fields, the use of electric fields tuned to specific frequencies to disrupt solid tumor cancer cell division. Novocure’s commercialized product is approved for the treatment of adult patients with glioblastoma. 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 mesothelioma. 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 the company’s website or follow the company at www.Twitter.com/Novocure.
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