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Novocure (NASDAQ: NVCR) reports positive PANOVA-4 pancreatic cancer data

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Rhea-AI Filing Summary

Novocure reported positive topline Phase 2 PANOVA-4 results for Tumor Treating Fields (TTFields) used with atezolizumab, gemcitabine and nab-paclitaxel as first-line therapy for metastatic pancreatic ductal adenocarcinoma.

The regimen achieved a disease control rate of 74.4% in 78 patients, compared with 48% in 431 patients receiving gemcitabine and nab-paclitaxel alone in a historical Phase 3 control, a 26.4% difference with strong statistical significance (1-sided p < 0.001). Objective response rate was 34.6% and median overall survival was 9.7 months. Treatment duration and safety for TTFields were consistent with prior studies, and the company plans to present additional data at a future scientific forum.

Positive

  • PANOVA-4 met its primary endpoint, with disease control rate of 74.4% versus 48% in a historical Phase 3 control, showing a 26.4% absolute improvement (1-sided p-value < 0.001).
  • Secondary outcomes were encouraging, including a 34.6% objective response rate and 9.7-month median overall survival, with TTFields therapy reported as well-tolerated and safety consistent with prior clinical studies.

Negative

  • None.

Insights

Phase 2 PANOVA-4 shows significantly higher disease control in metastatic pancreatic cancer.

Novocure announced that PANOVA-4 met its primary endpoint, with Tumor Treating Fields plus atezolizumab and gemcitabine/nab-paclitaxel achieving a disease control rate of 74.4% in 78 patients. This compares with 48% in 431 patients treated with gemcitabine/nab-paclitaxel in a historical Phase 3 control, with a one-sided p-value < 0.001.

Secondary outcomes included an objective response rate of 34.6% and median overall survival of 9.7% months. TTFields therapy was described as well-tolerated, with device-related safety consistent with prior clinical studies, which supports continued development in metastatic pancreatic ductal adenocarcinoma.

These data strengthen the clinical rationale for TTFields in pancreatic cancer, although they are based on a single-arm Phase 2 comparison to historical controls. Additional PANOVA-4 results are expected to be presented at a future scientific forum, which will provide further detail on efficacy and safety.

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

March 26, 2026
Date of Report (date of earliest event reported)

NovoCure Limited
(Exact name of registrant as specified in its charter)
Jersey
001-37565
98-1057807
(State or other jurisdiction of incorporation or organization)
(Commission File Number)
(I.R.S. Employer Identification No.)
No. 4 The Forum, Grenville Street
St. Helier
Jersey
JE2 4UF
(Address of Principal Executive Offices)
(Zip Code)
+44 (0) 15 3475 6700
Registrant's telephone number, including area code

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Ordinary Shares, no par valueNVCRThe Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
o






Item 7.01     Regulation FD Disclosure.

On March 26, 2026, the Company issued a press release announcing positive results from the Phase 2 PANOVA-4 trial of Tumor Treating Fields (TTFields) therapy concomitant with atezolizumab (Tecentriq®)*, gemcitabine and nab-paclitaxel (gem/nab-pac) as a first-line treatment for metastatic pancreatic ductal adenocarcinoma (mPDAC).

PANOVA-4 met its pre-specified primary endpoint, achieving a statistically significant improvement in disease control rate (DCR) compared to the DCR reported in the Phase 3 MPACT study used as the historical control1. The DCR in patients treated with TTFields therapy concomitantly with atezolizumab and gem/nab-pac (N=78) was 74.4% compared to a DCR of 48% in patients receiving gem/nab-pac alone (N=431) in the historical control (difference = 26.4%, 1-sided p-value < 0.001).

*Tecentriq® (atezolizumab) is a registered trademark of Genentech, a member of the Roche Group.

1 Von Hoff DD, Ervin T, Arena FP, Chiorean EG, Infante J, Moore M, et al. Increased Survival in Pancreatic Cancer with nab‑Paclitaxel plus Gemcitabine. The New England Journal of Medicine. 2013;369(18):1691–170.

The information contained in this Current Report shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Item 9.01 Financial Statements and Exhibits

(d)    Exhibits
Exhibit No.Description
99.1
Press Release of NovoCure Limited, dated March 26, 2026
104Cover Page Interactive Data File (embedded within the Inline XBRL document)



SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

NovoCure Limited
(Registrant)

Date: March 26, 2026


By: /s/ Christoph Brackmann
Name: Christoph Brackmann
Title: Chief Financial Officer

Exhibit 99.1

Novocure Announces Positive Topline Results from Phase 2 PANOVA-4 Clinical Trial of Tumor Treating Fields (TTFields) Therapy for Metastatic Pancreatic Cancer

Baar, Switzerland – March 26, 2026 - Novocure (NASDAQ: NVCR) announced positive results today from the Phase 2 PANOVA-4 trial of Tumor Treating Fields (TTFields) therapy concomitant with atezolizumab (Tecentriq®), gemcitabine and nab-paclitaxel (gem/nab-pac) as a first-line treatment for metastatic pancreatic ductal adenocarcinoma (mPDAC).

PANOVA-4 met its pre-specified primary endpoint, achieving a statistically significant improvement in disease control rate (DCR) compared to the DCR reported in the Phase 3 MPACT study used as the historical control.[1] The DCR in patients treated with TTFields therapy concomitantly with atezolizumab and gem/nab-pac (N=78) was 74.4% compared to a DCR of 48% in patients receiving gem/nab-pac alone (N=431) in the historical control (difference = 26.4%, 1-sided p-value < 0.001).

“The positive results from the PANOVA-4 trial further support the potential of Tumor Treating Fields to improve outcomes in pancreatic cancer,” said Uri Weinberg, MD, PhD, Chief Medical and Innovation Officer, Novocure. “We are grateful to the patients, caregivers, and investigators whose dedication made this trial possible, and we look forward to evaluating the full results from PANOVA-4 as we advance Tumor Treating Fields therapy as a treatment for metastatic pancreatic cancer.”

In the PANOVA-4 trial, DCR was defined as the proportion of patients who had either stable disease (SD) for at least 16 weeks or confirmed partial response (PR) or complete response (CR) according to the Response Evaluation Criteria in Solid Tumours (RECIST v1.1).

Secondary endpoints in PANOVA-4 include objective response rate (ORR) and overall survival (OS). The ORR in patients treated with TTFields therapy concomitantly with atezolizumab and gem/nab-pac was 34.6% (95% CI, 24.2% - 46.2%) and median OS was 9.7 months (95% CI, 7.9 - 12.7 months). Additional secondary endpoints were progression-free survival, one-year survival rate, progression-free survival at six months, duration of response, and rate of patients with treatment emergent adverse events.

Median TTFields therapy duration was 25.6 weeks and median systemic therapy treatment was six cycles for atezolizumab and gem/nab-pac. TTFields therapy was well-tolerated, and device related safety was consistent with prior clinical studies.

Novocure plans to present additional results from PANOVA-4 at a future scientific forum.

About Pancreatic Cancer
Pancreatic cancer is one of the most lethal cancers and is the third most frequent cause of death from cancer in the U.S. While overall cancer incidence and death rates are remaining stable or declining, the incidence and death rates for pancreatic cancer are increasing. It is estimated that approximately 67,000 patients are diagnosed with pancreatic cancer each year in the U.S. Pancreatic cancer has a five-year relative survival rate of just 13%.[2]

Physicians use different combinations of surgery, radiation, and pharmacological therapies to treat pancreatic cancer, depending on the stage of the disease. For patients with metastatic disease, the standard of care is systemic chemotherapy supplemented by palliative radiotherapy, as needed, and clinical trial participation is encouraged.



Exhibit 99.1
About Tumor Treating Fields
Tumor Treating Fields (TTFields) are electric fields that exert physical forces to kill cancer cells via a variety of mechanisms. TTFields do not significantly affect healthy cells because they have different properties (including division rate, morphology, and electrical properties) than cancer cells. These multiple, distinct mechanisms work together to target and kill cancer cells. Due to these multi-mechanistic actions, TTFields therapy can be added to cancer treatment modalities in approved indications and it demonstrated enhanced effects across solid tumor types when used with chemotherapy, radiotherapy, immune checkpoint inhibition, or targeted therapies in preclinical models. TTFields therapy provides clinical versatility that has the potential to help address treatment challenges across a range of solid tumors.

To learn more about TTFields therapy and its multifaceted effect on cancer cells, visit novocure.com/ttfields.

About Novocure
Novocure is a global oncology company working to extend survival in some of the most aggressive forms of cancer through the development and commercialization of its innovative therapy, Tumor Treating Fields. Novocure’s commercialized products are approved in certain countries for the treatment of adult patients with glioblastoma, pancreatic cancer, non-small cell lung cancer, malignant pleural mesothelioma and pleural mesothelioma. Novocure has several additional ongoing or completed clinical trials exploring the use of Tumor Treating Fields therapy in the treatment of glioblastoma, non-small cell lung cancer and pancreatic cancer.
Novocure’s global headquarters is located in Baar, Switzerland, with U.S. headquarters located in Portsmouth, New Hampshire and research and development facilities located in Haifa, Israel. For additional information about the company, please visit Novocure.com and follow @Novocure on LinkedIn and X (Twitter).

Tecentriq® (atezolizumab) is a registered trademark of Genentech, a member of the Roche Group.

Forward-Looking Statements
In addition to historical facts or statements of current condition, this press release may contain forward-looking statements. Forward-looking statements provide Novocure’s current expectations or forecasts of future events. These may include statements regarding anticipated scientific progress on its research programs, clinical trial progress, development of potential products, interpretation of clinical results, prospects for regulatory approval, manufacturing development and capabilities, market prospects for its products, coverage, collections from third-party payers and other statements regarding matters that are not historical facts. You may identify some of these forward-looking statements by the use of words in the statements such as “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “believe” or other words and terms of similar meaning. Novocure’s performance and financial results could differ materially from those reflected in these forward-looking statements due to general financial, economic, environmental, regulatory and political conditions and other more specific risks and uncertainties facing Novocure such as those set forth in its Annual Report on Form 10-K filed on February 26, 2026, and subsequent filings with the U.S. Securities and Exchange Commission. Given these risks and uncertainties, any or all of these forward-looking statements may prove to be incorrect. Therefore, you should not rely on any such factors or forward-looking statements. Furthermore, Novocure does not intend to update publicly any forward-looking statement, except as required by law. Any forward-looking statements herein speak only as of the date hereof. The Private Securities Litigation Reform Act of 1995 permits this discussion.



Exhibit 99.1
[1] Von Hoff DD, Ervin T, Arena FP, Chiorean EG, Infante J, Moore M, et al. Increased Survival in Pancreatic Cancer with nab‑Paclitaxel plus Gemcitabine. The New England Journal of Medicine. 2013;369(18):1691–170.
[2] American Cancer Society. Cancer Facts & Figures 2026. Atlanta: American Cancer Society; 2026


Investors:
Adam Daney
investorinfo@novocure.com
Media:
Catherine Falcetti
media@novocure.com



FAQ

What did Novocure (NVCR) report in the PANOVA-4 Phase 2 trial?

Novocure reported that PANOVA-4 met its primary endpoint, showing Tumor Treating Fields plus atezolizumab and gemcitabine/nab-paclitaxel improved disease control in metastatic pancreatic cancer. The combination achieved higher disease control versus a historical Phase 3 chemotherapy control with strong statistical significance.

How much did disease control improve in Novocure’s PANOVA-4 study?

Disease control rate reached 74.4% in 78 patients treated with Tumor Treating Fields plus atezolizumab and gemcitabine/nab-paclitaxel. This compares with 48% in 431 patients from a historical Phase 3 study of gemcitabine and nab-paclitaxel alone, a 26.4% absolute improvement.

What were the key secondary outcomes in Novocure’s PANOVA-4 trial?

Key secondary outcomes included an objective response rate of 34.6% and a median overall survival of 9.7 months. Additional secondary measures covered progression-free survival, one-year survival rate, duration of response, and treatment-emergent adverse events in metastatic pancreatic cancer patients.

How was Tumor Treating Fields therapy tolerated in PANOVA-4?

Tumor Treating Fields therapy was reported as well-tolerated in the PANOVA-4 Phase 2 trial. Device-related safety findings were consistent with prior clinical studies, and median TTFields treatment duration was 25.6 weeks alongside six cycles of atezolizumab and gemcitabine/nab-paclitaxel on average.

What cancer type was studied in Novocure’s PANOVA-4 Phase 2 trial?

PANOVA-4 studied metastatic pancreatic ductal adenocarcinoma, a form of pancreatic cancer with poor prognosis. The regimen combined Tumor Treating Fields with atezolizumab, gemcitabine and nab-paclitaxel as first-line therapy for patients with metastatic disease, comparing results to a historical chemotherapy control.

Does Novocure plan further disclosure of PANOVA-4 data?

Novocure stated it plans to present additional PANOVA-4 results at a future scientific forum. This upcoming presentation is expected to provide more detailed efficacy, survival and safety analyses beyond the topline disease control, response rate and overall survival data already reported.

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