Novocure Announces Preliminary Full Year and Fourth Quarter 2021 Net Revenues and Provides Company Update
Total preliminary net revenues for the year ended December 31, 2021, were $535.0 million, up 8% over the prior year.
- Total preliminary net revenues for the year ended December 31, 2021, were $535.0 million, up 8% over the prior year.
- Total preliminary net revenues for the fourth quarter 2021 were $133.2 million.
- Preliminary fourth quarter 2021 net revenues from the United States, EMEA and Japan contributed $92.0 million, $26.5 million and $8.8 million, respectively.
- In the fourth quarter 2021, Novocure initiated contract negotiations with several large German payers that drove an update to the net revenue recognized per active patient, which negatively impacted fourth quarter revenue by approximately $4.0 million.