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| Statement |
|---|
| TRIDENT, KEYNOTE D 58 and technological improvements like our new arrays provide possibilities to further improve survival for GBM patients and demonstrate our continued commitment to the neuro-oncology field |
| The to-the-top Phase 2 results are very promising and we are eager to launch KEYNOTE D58 and begin enrolling patients this year |
| The resolution of these variables serves to strengthen the foundation for net revenue growth this year, directly tied to active patients on therapy, duration of therapy and price |
| The fourth quarter was another quarter of progress and execution at NovoCure, setting the stage for a strong 2024 |
| And what we’ve seen so far, both in the metrics as well as in the anecdotes, is that the performance is meeting our expectations and looking to a positive trend of patient experience |
| It is going to be a very exciting year |
| We are confident that recent adjustments will position NovoCure to create shareholder value while achieving our mission of extending survival in some of the most aggressive forms of cancer |
| In the fourth quarter, we also saw strength in Germany with year-over-year increases of 21% in prescriptions and 12% in active patients on therapy |
| We believe early engagement with patients will drive higher conversion of scripts to patient starts and deliver a more seamless therapy experience |
| Nicholas has a proven track record of achievement and he is making great contributions already |
| Our company is bigger, more complex, but our team's dedication to our mission to help patients with very difficult diagnoses is something of which I am very proud |
| I am extremely encouraged by our achievements in 2023 and excited for the catalysts on the horizon this year |
| I am incredibly proud of our colleagues' achievements and look forward to a data and catalyst driven 2024 |
| Since announcing positive top line LUNAR data, we have made steady progress towards our goal of commercial launch in 2024 |
| These new real-world data will be added to, peer reviewed and published later this year, but the bottom line is large real-world data sets confirm that Tumor Treating Fields therapy can provide a significant survival benefit for patients struggling with this devastating disease |
| It's extremely busy time, but extremely exciting |
| One of our victories in the fourth quarter was the continued success of our Optune Gio launch in France |
| In 2023 we made notable strides and reached many important milestones in our commercial, clinical research and product development programs |
| This includes depletion of the most accessible flow of backlogged Medicare payments, achievement of a revenue baseline in our newly launched French market, and successful negotiations with German payers |
| We successfully introduced our next generation arrays in several European countries and filed a PMA supplement for approval to bring the new arrays to patients in the U.S |
| Importantly, we have now treated over 30,000 patients since we first started commercial operations and we ended the year with a record number of active patients on therapy |
| The success of the LUNAR trial provides the foundation for a number of additional lung cancer trials |
| We're rolling our next generation arrays throughout Europe and are really excited [indiscernible] after we get our PMA supplement approval this year and we're going to launch a non-small cell lung cancer, our next big indication |
| In time, we expect these factors to be offset by increased active patient counts and improved efficiencies with scale as we optimize manufacturing of our new arrays |
| Each of these inputs is critical for the best outcomes for patients and to achieving sustainable growth |
| To achieve our growth goals, we are focused on building greater awareness and engagement with patients and prescribers and enhancing the quality of these engagements |
| I think that -- and thank you for highlighting all of the activities that we have ongoing in this area that really are focused at improving how patients and physicians use Optune to extend survival |
| As exciting as 2023 was, we are looking forward to an even more exciting 2024 |
| We’re really pleased with where we are today in terms of engaging the key KOLs and preparing the plan in the U.S |
| Our second key objective in 2024 is the regulatory approval and successful launch of Tumor Treating Fields in non-small cell lung cancer |
| Statement |
|---|
| Our net loss for the fourth quarter was $47 million or $0.45 per share, and adjusted EBITDA was negative $32 million |
| Given the success of LUNAR, we believe we are just scratching the surface of the potential of TTFields in non-small cell lung cancer |
| As expected, it took approximately six quarters to recover |
| Amid the fear and uncertainty of a GBM diagnosis, Janice and Jeff decided to pursue their passion |
| For color, gross margin was affected by two near-term factors, investment in increased patient support capacity and the rollout of our next generation arrays |
| And we’ve seen this, or we’ve heard this very clearly now from physicians, that they are not satisfied with their options for treatment after platinum failure |
| We stepped away for a couple of different reasons, but it seems like the business is back to being predictable here |
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