NovoCure Limited (NVCR) Securities Lawsuit Investigation
On June 6, 2023, NovoCure Limited from its Phase 3 LUNAR clinical trial that some doctors say may have included unreliable data because not all study participants had been receiving standard of care therapy, according to Evaluate. announced
Following this news, NovoCure’s stock price plummeted 43% on June 6, 2023, causing significant harm to investors.
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Why is Novocure (NASDAQ: NVCR) stock dropping?
On June 6, 2023, global oncology company NovoCure Limited presented results from its Phase 3 LUNAR clinical trial evaluating the safety and efficacy of its Tumor Treating Fields therapy. Doctors and attendees of a June 6 American Society of Clinical Oncology presentation subsequently pointed out that the data set used in the study may not be fully reliable in showing clinical efficacy, because the therapy was mostly tested in patients whose conditions worsened following chemotherapy, which is no longer the standard of care, according to Investor’s Business Daily. One doctor who was present at NovoCure’s June 6 presentation stated that “the study design does not reflect the current standard of care,” with another doctor agreeing that “its relevance to the majority of patients in 2023 is yet to be demonstrated,” as reported by Evaluate.
On this news, NovoCure’s stock price plummeted 43% on June 6, 2023, causing significant harm to investors.
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