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Novocure Announces Portfolio Prioritization and Strategic Restructuring Plan Focused on Near-term Growth Drivers and an Accelerated Path to Profitability

Retrieved on: 
화요일, 11월 28, 2023

Novocure (NASDAQ: NVCR) today announced a series of actions to strengthen and optimize business operations to support near-term growth drivers and long-term value creation.

Key Points: 
  • Novocure (NASDAQ: NVCR) today announced a series of actions to strengthen and optimize business operations to support near-term growth drivers and long-term value creation.
  • “Decisions like these are deeply personal and challenging, because of the impact on our employees and their families,” said Novocure’s Chief Executive Officer, Asaf Danziger.
  • In conjunction with its portfolio prioritization, Novocure is streamlining its operational expenses.
  • The anticipated cost savings are expected to offset growth investments and accelerate Novocure’s path to profitability.

USDA APHIS seeks public comments on their evaluations of blight-tolerant American chestnut trees

Retrieved on: 
목요일, 12월 15, 2022

Once one of the largest tree species in the eastern forests of North America, the American chestnut could reach towering heights in the forest canopy.

Key Points: 
  • Once one of the largest tree species in the eastern forests of North America, the American chestnut could reach towering heights in the forest canopy.
  • The American chestnut was devastated by a fungal blight discovered in the early 1900s, and the tree is now considered to be functionally extinct.
  • A team of researchers at ESF has been working in collaboration with TACF to produce a blight-tolerant American chestnut variety using genetic engineering.
  • “We’re pleased that regulatory review with Darling 58 is progressing, and optimistic about the future of American chestnut restoration,” says Newhouse.

Novocure Reports Second Quarter 2022 Financial Results

Retrieved on: 
목요일, 7월 28, 2022

Novocure (NASDAQ: NVCR) today reported financial results for the quarter ended June 30, 2022.

Key Points: 
  • Novocure (NASDAQ: NVCR) today reported financial results for the quarter ended June 30, 2022.
  • Financial updates for the second quarter ended June 30, 2022:
    Total net revenues for the quarter were $140.9 million, an increase of 6% compared to the same period in 2021.
  • Operational updates for the second quarter ended June 30, 2022:
    As of June 30, 2022, there were 3,454 active patients on therapy.
  • Novocure will host a conference call and webcast to discuss second quarter 2022 financial results at 8 a.m. EDT today, Thursday, July 28, 2022.