Novocure (NVCR) overview - updated July 2018
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forward-looking statements This presentation contains certain forward-looking statements with respect to the business of Novocure and certain of its plans and objectives, including with respect to the development and commercialization of its lead product candidate, Optune, for a number of oncology indications. These forward-looking statements can be identified in this presentation by the fact that they do not relate only to historical or current facts. Forward-looking statements often use words “expect”, “intend”, “anticipate”, “plan”, “may”, “should”, “would”, “could” or other words of similar meaning. These statements are based on assumptions and assessments made by Novocure in light of industry experience and perception of historical trends, current conditions, expected future developments and other appropriate factors. By their nature, forward-looking statements involve risk and uncertainty, and Novocure's performance and financial results could differ materially from those expressed or implied in these forward-looking statements due to general financial, economic, regulatory and political conditions as well as more specific risks and uncertainties facing Novocure such as those set forth in its Annual Report on Form 10-K filed on February 22, 2018, or in subsequent quarterly filings with the U.S. Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in this presentation. Novocure assumes no obligation to update or correct the information contained in this presentation, whether as a result of new information, future events or otherwise, except to the extent legally required. The statements contained in this presentation are made as at the date of this presentation, unless some other time is specified in relation to them, and service of this presentation shall not give rise to any implication that there has been no change in the facts set out in this presentation since such date. Nothing contained in this presentation shall be deemed to be a forecast, projection or estimate of the future financial performance of Novocure, except where expressly stated. As of the date of this presentation, Optune is only FDA-approved for the treatment of adults with supratentorial glioblastoma, or GBM, and its approval for other indications is not certain. Novocure can provide no assurances regarding market acceptance of Optune or its successful commercialization, and can provide no assurances regarding the company’s results of operations or financial condition in the future. This presentation is for informational purposes only and may not be relied upon in connection with the purchase or sale of any security. © Novocure 2018 2
Optune® indications for use and important safety information INDICATIONS • Optune is intended as a treatment for adult patients (22 years of age or older) with histologically-confirmed glioblastoma multiforme (GBM). • Optune with temozolomide is indicated for the treatment of adult patients with newly diagnosed, supratentorial glioblastoma following maximal debulking surgery, and completion of radiation therapy together with concomitant standard of care chemotherapy. • For the treatment of recurrent GBM, Optune is indicated following histologically-or radiologically-confirmed recurrence in the supratentorial region of the brain after receiving chemotherapy. The device is intended to be used as a monotherapy, and is intended as an alternative to standard medical therapy for GBM after surgical and radiation options have been exhausted. CONTRAINDICATIONS • Do not use Optune in patients with an active implanted medical device, a skull defect (such as, missing bone with no replacement), or bullet fragments. Use of Optune together with implanted electronic devices has not been tested and may theoretically lead to malfunctioning of the implanted device. Use of Optune together with skull defects or bullet fragments has not been tested and may possibly lead to tissue damage or render Optune ineffective. • Do not use Optune in patients that are known to be sensitive to conductive hydrogels. In this case, skin contact with the gel used with Optune may commonly cause increased redness and itching, and rarely may even lead to severe allergic reactions such as shock and respiratory failure. © Novocure 2018 3
Optune® indications for use and important safety information WARNINGS AND PRECAUTIONS • Optune can only be prescribed by a healthcare provider that has completed the required certification training provided by Novocure (the device manufacturer). • Do not prescribe Optune for patients that are pregnant, you think might be pregnant or are trying to get pregnant, as the safety and effectiveness of Optune in these populations have not been established. • The most common (≥10%) adverse events involving Optune in combination with temozolomide were thrombocytopenia, nausea, constipation, vomiting, fatigue, medical device site reaction, headache, convulsions, and depression. • The most common (≥10%) adverse events seen with Optune monotherapy were medical device site reaction and headache. • The following adverse reactions were considered related to Optune when used as monotherapy: medical device site reaction, headache, malaise, muscle twitching, fall and skin ulcer. • Use of Optune in patients with an inactive implanted medical device in the brain has not been studied for safety and effectiveness, and use of Optune in these patients could lead to tissue damage or lower the chance of Optune being effective. • If the patient has an underlying serious skin condition on the scalp, evaluate whether this may prevent or temporarily interfere with Optune treatment. © Novocure 2018 4
a global oncology company with a proprietary platform GROWING COMMERCIAL BUSINESS SIGNIFICANT UPSIDE POTENTIAL • More than 2,100 patients on therapy • Increase adoption and average • 14 consecutive quarters of patient growth reimbursement in GBM • $217 million trailing twelve month revenues • Advance clinical pipeline in five additional solid tumor indications Information above as of June 30, 2018 © Novocure 2018 5
we can leverage physics to fight cancer AN ELECTRIC FIELD TUMOR TREATING FIELDS USES ELECTRIC FIELDS EXERTS FORCES ON CHARGED OBJECTS TO DISRUPT CELL DIVISION + + + + + + + + + + + + + + + - + MISALIGNED MISALIGNED + TUBULINS ALTERNATING SEPTINS INTERFERE WITH ELECTRIC FIELDS INTERFERE WITH FORMATION OF DISRUPT CANCER FORMATION OF MITOTIC SPINDLE CELL DIVISION CONTRACTILE RING - - - - - - - - - - - - - - - TUMOR TREATING FIELDS DESCRIBES ELECTRIC FIELDS THAT ALTERNATE 100,000 TO 300,000 TIMES PER SECOND TO TARGET CANCER CELLS CANCER CELL DEATH © Novocure 2018 6
broad applicability to solid tumors INDICATIONS IN-VITRO EVIDENCE IN-VIVO EVIDENCE FIRST IN HUMAN EVIDENCE Glioblastoma Malignant melanoma Non-small cell lung cancer Pancreatic cancer Breast cancer Mesothelioma Ovarian carcinoma Renal adenocarcinoma Cervical cancer Colorectal carcinoma Ependymoma Gastric adenocarcinoma Gliosarcoma Hepatocellular carcinoma Medulloblastoma Meningioma Small cell lung cancer Urinary transitional cell carcinoma © Novocure 2018 7
proven superior long-term survival with Optune® plus temozolomide in GBM1 1.0 Median OS from Intent-to-treat population1 20.9 16.0 16.0 0.9 randomization (months) Optune® + TMZ (n=466) 0.8 TMZ alone (n=229) Stratified log-rank p=0.00006 Probability of survival 0.7 HR (95% CI) 0.63 (0.53-0.76) Optune® + TMZ Median OS from 24.5 19.8 0.6 43% diagnosis (months) 24.5 19.8 0.5 p=0.001 0.4 Optune® + TMZ TMZ alone 0.3 13% 31% 0.2 p=0.0037 0.1 1. Stupp R, Taillibert S, Kanner A, et al. Effect of Tumor- 0 6 12 18 24 30 36 42 48 54 60 5% Treating Fields Plus Maintenance Temozolomide vs Maintenance Temozolomide Alone on Survival in 0.0 Patients With Glioblastoma: A Randomized Clinical Overall Survival (months) TMZ alone Trial. JAMA. 2017;318(23):2306–2316. © Novocure 2018 8
Optune® plus temozolomide consistently sustained superior rates of survival1 FIVE-YEAR SURVIVAL INTENT-TO-TREAT ANALYSIS 100% p=0.029 90% Optune® + TMZ (n=466) 80% TMZ alone (n=229) 70% 73% Survival rate (%) 60% p=0.001 65% 50% 40% p=0.004 43% p=0.0002 30% 31% p=0.004 20% 26% 20% 10% 16% 8% 13% 5% 0% 1 2 3 4 5 Year from randomization 1. Stupp R, Taillibert S, Kanner A, et al. Effect of Tumor-Treating Fields Plus Maintenance Temozolomide vs Maintenance Temozolomide Alone on Survival in Patients With Glioblastoma: A Randomized Clinical Trial. JAMA. 2017;318(23):2306–2316. © Novocure 2018 9
patients with increased compliance had increased survival benefit1 • A trend in favor of longer overall survival was seen with higher compliance • A threshold value of 50% average monthly compliance with Tumor Treating Fields was needed to show an extension of overall survival (HR 0.67, 95% CI 0.45–0.99) compared to temozolomide alone • Both progression-free survival and overall survival were extended with increased compliance beyond 50% 1. Ram Z, Kim CY, Nicholas GA and Toms S on behalf of EF-14 investigators. Compliance and treatment duration predict survival in a phase 3 EF-14 trial of Tumor Treating Fields with temozolomide in patients with newly diagnosed glioblastoma. Presented at: 2017 Society for Neuro Oncology; November 16-19, 2017; San Francisco, CA. Oral presentation ACTR-27. © Novocure 2018 10
five-year survival analysis in most compliant patients (>90%)1 100% Optune > 90% compliance + temozolomide (n=43) 90% temozolomide alone (n=229) 80% 86% 70% Survival rate (%) 60% 65% 50% 55% 40% 30% 31% 29% 29% 29% 20% 10% 16% 8% 5% 0% 1 2 3 4 5 Year from randomization 1. Ram Z, Kim CY, Nicholas GA and Toms S on behalf of EF-14 investigators. Compliance and treatment duration predict survival in a phase 3 EF-14 trial of Tumor Treating Fields with temozolomide in patients with newly diagnosed glioblastoma. Presented at: 2017 Society for Neuro Oncology; November 16-19, 2017; San Francisco, CA. Oral presentation ACTR-27. © Novocure 2018 11
NCCN guidelines updated in March 2018 The updated NCCN Clinical Practice Guidelines in Oncology (NCCN Guidelines®) for Central Nervous System Cancers now include alternating electric field therapy (Optune) in combination with temozolomide (TMZ) following maximal safe resection and standard brain radiation therapy with concurrent TMZ as Category 1 recommended treatment option for patients with newly diagnosed supratentorial glioblastoma (GBM) and good performance status.* There is uniform NCCN consensus for this recommendation based on high-level evidence (Category 1). * The NCCN defines good performance as Karnofsky Performance Score (KPS) ≥60. The trial for which the IFU is based used an eligibility criteria of KPS ≥70. © Novocure 2018 12
ADULT PATIENTS WITH RECURRENT AND NEWLY DIAGNOSED GBM global commercial presence global active markets as of June 30, 2018 EMEA UNITED STATES EMEA 10 806 266 sales force colleagues certified centers certified centers JAPAN UNITED STATES 174 51 certified centers sales force colleagues JAPAN 4 certified centers sales force sales force colleagues colleagues © Novocure 2018 13
steady prescription growth in newly diagnosed GBM 1000 KEY TAKEAWAYS 900 • ~75% of Q2 prescriptions were 800 ~75% of total written for patients with newly 700 diagnosed GBM 600 ~65% 500 of total • We believe growth is a sign of 400 increasing physician 300 ~50% confidence and belief 200 of total 100 0 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017 Q1 2018 Q2 2018 Prescriptions for newly diagnosed GBM © Novocure 2018 14
continued growth in active patients active patients at period end 2500 2,169 14 CONSECUTIVE QUARTERS 2,009 2000 OF ACTIVE PATIENT GROWTH 1,834 SINCE INITIAL PRESENTATION 1,683 OF EF-14 DATA 1500 1,460 1,266 8,000+ 1,091 985 1000 891 797 605 425 469 500 372 PATIENTS TREATED TO DATE GLOBALLY 0 Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017 Q1 2018 Q2 2018 U.S. active patients EMEA active patients Japan active patients © Novocure 2018 15
advancing clinical pipeline PHASE II PHASE III PRECLINICAL PILOT PIVOTAL MILESTONES Brain metastases METIS trial last patient in 2019 with final data collection in 2020 Non-small cell lung cancer LUNAR trial last patient in 2019 with final data collection in 2021 Pancreatic cancer PANOVA 3 trial last patient in 2020 with final data collection in 2022 Ovarian cancer phase three pivotal trial open in 2H 2018 Mesothelioma STELLAR trial data presentation in 2H 2018 Liver cancer HEPANOVA trial first patient in 2H 2018 Trial ongoing Trial complete © Novocure 2018 16
demonstrated financial performance global net revenues (USD in thousands) 60% $70,000 $61,514 $60,000 $53,661 $52,125 $50,109 $50,000 Q2 2018 VERSUS Q2 2017 YEAR-OVER-YEAR $40,000 $38,376 $34,880 REVENUE GROWTH $30,242 $30,000 $21,674 $20,000 $17,919 $219 $12,383 $13,053 $10,000 $8,953 $5,208 $6,543 $0 Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017 Q1 2018 Q2 2018 MILLION IN CASH AND $33,087 $82,888 $177,026 SHORT-TERM EQUIVALENTS AS OF JUNE 30, 2018 FY 2015 FY 2016 FY 2017 U.S. net revenues EMEA net revenues Japan net revenues © Novocure 2018 17
q2 2018 selected financial highlights % Q2 2018 Q2 2017 % U.S. DOLLARS IN THOUSANDS Q2 2018 Q2 2017 CHANGE YTD YTD CHANGE Net revenues $ 61,514 $ 38,376 60% $ 113,639 $ 73,256 55% Cost of revenues 19,833 13,152 51% 38,071 24,816 53% Gross profit 41,681 25,224 65% 75,568 48,440 56% Research, development and clinical trials 11,362 9,371 21% 22,466 18,782 20% Sales and marketing 19,196 16,360 17% 37,331 31,116 20% General and administrative 18,208 15,023 21% 35,533 27,445 29% Total operating costs and expenses 48,766 40,754 20% 95,330 77,343 23% Operating income (loss) (7,085 ) (15,530) 54% (19,762 ) (28,903) 32% Financial expenses, net 2,860 2,183 31% 7,713 4,629 67% Income (loss) before income taxes (9,945) (17,713) 44% (27,475) (33,532) 18% Income taxes 5,565 3,461 61% 8,759 5,687 54% Net income (loss) $ (15,510) $ (21,174) 27% $ (36,234) $ (39,219) 8% Cash and cash equivalents $ 114,456 $ 80,190 $ 114,456 $ 80,190 Short-term investments 104,499 104,186 104,499 104,186 © Novocure 2018 18
long term value creation beyond 2018 near-term • Drive commercial adoption of Optune within GBM opportunity • Expand coverage for GBM patients in currently active markets and 2018- establish access for GBM patients in new markets • Progress mesothelioma towards commercialization 2021 • Advance the clinical pipeline in multiple solid tumor indications • Grow annual revenues while improving SG&A operating leverage • Launch Tumor Treating Fields platform for additional indications in long-term large addressable markets opportunity o Brain metastases from non-small cell lung cancer 2021+ o Non-small cell lung cancer o Pancreatic cancer o Ovarian cancer © Novocure 2018 19
commercial appendix
direct-to-patient distribution model* PHYSICIAN SENDS PHYSICIAN OR NOVOCURE NOVOCURE NOVOCURE BILLS PHYSICIAN SEES PRESCRIPTION NOVOCURE USES DELIVERS OPTUNE PROVIDES 24/7 THIRD-PARTY PATIENT FOR ORDER TO NOVOTAL SYSTEM TO AND TRAINS TECH SUPPORT AND PAYER AND REGULAR NOVOCURE CREATE ARRAY PATIENT/FAMILY SUPPLIES PATIENT1 FOR EACH COMPLIANCE PLACEMENT MAP TRANSDUCER MONTH OF MONITORING AND ARRAYS THERAPY FOLLOW-UP APPOINTMENTS NOVOCURE * Novocure distributes product through hospitals in Japan. 1. Subject to patient assistance programs. © Novocure 2018 21
established U.S. commercial market access >217 MILLION COVERED LIVES IN THE U.S. AS OF 96% MARCH 31, 2018 >187 MILLION CONTRACTED LIVES IN THE U.S. AS OF MARCH 31, 2018 1. U.S. population insured with employers, non- OF AMERICANS WITH PRIVATE HEALTH INSURANCE1,2 group insurance or Medicare Advantage plans NOW HAVE POSITIVE COVERAGE OF OPTUNE 2. Appealing Medicare fee-for-service denials, impacting 20-25% of U.S. active patients © Novocure 2018 22
expanding global commercial market access GBM MARKET SIZE MARKET STATUS REIMBURSEMENT STATUS ESTIMATION POSITIVE NATIONAL REIMBURSEMENT DECISIONS Commercial launch 1,500 annual cases Japan National reimbursement contract signed in Q4 2017 in Q1 2018 diagnosed Commercial launch 340 annual cases Austria National reimbursement contract signed in Q3 2017 in Q4 2017 diagnosed ONGOING DIALOGUES WITH GOVERNMENT PAYERS IN THE UNITED STATES, GERMANY, SWITZERLAND AND ISRAEL No material payments from 12,500 annual United States In active discussions with CMS administration Medicare to date cases diagnosed Receive reimbursement on Pathway for national reimbursement established Q3 2017 3,600 annual cases Germany case-by-case basis via G-BA budgeted clinical trial (expected to begin 2H 2018) diagnosed 330 annual cases Switzerland Single-payer system Pursuing national reimbursement diagnosed No material payments 325 annual cases Israel Pursuing national reimbursement to date diagnosed © Novocure 2018 23
clinical appendix
evolving treatment paradigms for solid tumor cancers USED ALONE OR IN COMBINATION TO TREAT SOLID TUMORS surgery radiation pharmacological tumor treating fields treatments (TTFields) • Reduces size of a • Kills cells when • Includes chemotherapy, • Electric fields tuned to tumor prior to delivered at high targeted therapies specific frequencies initiation of doses and immuno-oncology • Disrupts solid tumor additional • Injures healthy • Many treatments cancer cell division therapies tissues as well as target specific • Mild side effect profile • Invasive to patient cancer cells patient subgroups with no known • Unable to kill • Numerous • Frequently cumulative toxicity microscopic potentially toxic accompanied by disease side effects numerous side effects © Novocure 2018 25
TTFields are frequency-tuned to cell size to maximize effects on mitosis EFFECTS ON CELLS ARE FREQUENCY SPECIFIC AND INVERSELY RELATED TO CELL SIZE Normal Intestine Pancreatic NSCLC Ovarian Cancer GBM Cancer ~50 kHz 150 kHz 150 kHz 200 kHz 200 kHz © Novocure 2018 26
transducer array placement abdominal torso pelvic array placement array placement array placement © Novocure 2018 27
addressing large market segments with significant unmet medical needs BRAIN NON-SMALL CELL PANCREATIC OVARIAN MESOTHELIOMA METASTASES LUNG CANCER CANCER CANCER 258,000 659,000 223,000 100,000 13,000 CASES DIAGNOSED CASES DIAGNOSED CASES DIAGNOSED CASES DIAGNOSED CASES DIAGNOSED ANNUALLY IN TARGET ANNUALLY IN ANNUALLY IN ANNUALLY IN ANNUALLY IN MARKETS1 TARGET MARKETS3-5 TARGET MARKETS3-5 TARGET MARKETS3-5 TARGET MARKETS3,6-7 ~25% 24% 8% 47% 9% OF NSCLC PATIENTS FIVE YEAR SURVIVAL3 FIVE YEAR SURVIVAL3 FIVE YEAR SURVIVAL3 FIVE YEAR SURVIVAL3 DEVELOP BRAIN METS2 1. Goetz P, Ebinu JO, Roberge D, Zadeh G. Current Standards in the Management of Cerebral Metastases. Intl J of Surg Onc. 2012;2012:493426. doi:10.1155/2012/493426. 2. Owen S, Souhami L. The management of brain metastases in non-small cell lung cancer. Frontiers in Oncology. 2014;4:248. doi:10.3389/fonc.2014.00248. 3. Howlader N, Noone AM, et al. SEER Cancer Statistics Review, 1975-2014, National Cancer Institute. Bethesda, MD, https://seer.cancer.gov/csr/1975_2014/, based on November 2016 SEER data submission, posted to SEER web site, April 2017. 4. Ferlay J, Steliarova-Foucher E, et al. Cancer incidence and mortality patterns in Europe: estimates for 40 countries in 2012. Eur J Cancer. 2013;49(6):1374-403. doi: 10.1016/j.ejca.2012.12.027. 5. WHO (2016) GLOBOCAN 2012: Estimated Cancer Incidence, Mortality, and Prevalence Worldwide in 2012, Lyon, France (accessed January 2018). 6. Peto J, Decarli A, La Vecchia C, Levi F, Negri E. The European mesothelioma epidemic. Br J Cancer 1999;79:666 –72. doi: 10.1038/sj.bjc.6690105. 7. Robinson B.M. Malignant pleural mesothelioma: an epidemiological perspective. Ann Cardiothorac Surg. 2012; 1(4): 491–496. doi: 10.3978/j.issn.2225-319X.2012.11.04. © Novocure 2018 28
FIRST LINE TREATMENT OF MALIGNANT PLEURAL MESOTHELIOMA phase 2 pilot STELLAR trial A prospective, open label, single-arm, non-randomized, multicenter study testing safety and preliminary efficacy of TTFields at 150 kHz in combination with pemetrexed and cisplatin or carboplatin in patients with previously untreated malignant pleural mesothelioma versus historical controls • 80 patients in Europe with unresectable, previously untreated malignant mesothelioma • Last patient enrolled March 2017 with twelve month follow-up • Endpoints: o Primary endpoint — overall survival (OS) o Secondary endpoints — progression free survival (PFS), response rate, treatment-emergent toxicity Novocure, Ltd. Safety and Efficacy of TTFields (150 kHz) Concomitant With Pemetrexed and Cisplatin or Carboplatin in Malignant Pleural Mesothelioma (STELLAR) In: ClinicalTrials.gov [Internet]. Bethesda (MD): National Library of Medicine (US). 2000-[cited 2018 May]. Available from: https://clinicaltrials.gov/ct2/show/NCT02397928. NLM Identifier: NCT02397928 © Novocure 2018 29
FIRST LINE TREATMENT OF MALIGNANT PLEURAL MESOTHELIOMA phase 2 pilot STELLAR trial interim results TTFIELDS WITH PEMETREXED AND PEMETREXED AND CISPLATIN OR CISPLATIN-ALONE EFFICACY ENDPOINTS CARBOPLATIN 1 HISTORICAL RESULTS 2 Median PFS 7.3 months 5.7 months Median OS Not yet reached 12.1 months One-year survival rate 79.7% 50.3% • Interim data for the first 42 patients, with average follow-up of 11.5 months, presented at IASLC 2016 • Final top-line results, announced April 2018, exceeded interim analysis for all efficacy endpoints o Anticipate presentation of final results at a medical conference in 2H 2018 o Plan to submit Humanitarian Device Exemption application to the FDA in 2H 2018 Novocure, Ltd. Safety and Efficacy of TTFields (150 kHz) Concomitant With Pemetrexed and Cisplatin or Carboplatin in Malignant Pleural Mesothelioma (STELLAR) In: ClinicalTrials.gov [Internet]. Bethesda (MD): National Library of Medicine (US). 2000-[cited 2018 May]. Available from: https://clinicaltrials.gov/ct2/show/NCT02397928. NLM Identifier: NCT02397928 1. Cerasoli, G.L. International Association for the Study of Lung Cancer. OA22.01 – STELLAR – Interim Results of a Phase 2 Trial of TTFields with Chemotherapy for First Line Treatment of Malignant Mesothelioma. Oral Session: Novel Trials and Biomarkers in Malignant Pleural Mesothelioma. Wednesday, Dec. 7, 2016, 2:20 p.m. CET 2. Vogelzang N.J., Rusthoven J.J., Symanowski J., et al. Phase III Study of Pemetrexed in Combination With Cisplatin Versus Cisplatin Alone in Patients With Malignant Pleural Mesothelioma J Clin Oncol. 2003 Jul 15;21(14):2636–44. doi: 10.1200/JCO.2003.11.136 © Novocure 2018 30
FIRST LINE TREATMENT OF MALIGNANT PLEURAL MESOTHELIOMA phase 2 pilot STELLAR trial interim results PROGRESSION-FREE SURVIVAL (N=42)1 OVERALL SURVIVAL (N=42) 1 Novocure, Ltd. Safety and Efficacy of TTFields (150 kHz) Concomitant With Pemetrexed and Cisplatin or Carboplatin in Malignant Pleural Mesothelioma (STELLAR) In: ClinicalTrials.gov [Internet]. Bethesda (MD): National Library of Medicine (US). 2000-[cited 2018 May]. Available from: https://clinicaltrials.gov/ct2/show/NCT02397928. NLM Identifier: NCT02397928 1. Cerasoli, G.L. International Association for the Study of Lung Cancer. OA22.01 – STELLAR – Interim Results of a Phase 2 Trial of TTFields with Chemotherapy for First Line Treatment of Malignant Mesothelioma. Oral Session: Novel Trials and Biomarkers in Malignant Pleural Mesothelioma. Wednesday, Dec. 7, 2016, 2:20 p.m. CET © Novocure 2018 31
BRAIN METASTASES FROM NON-SMALL CELL LUNG CANCER METIS phase 3 pivotal trial initiated in 2016 A prospective, randomized controlled, multicenter trial testing efficacy, safety and neurocognitive outcomes of TTFields at 150 kHz following stereotactic radiosurgery for 1-10 brain metastases from non-small cell lung cancer • 270 patients internationally, randomized 1:1 (TTFields vs supportive care) • Last patient enrollment expected in 2019, twelve month follow-up after final patient enrollment • Primary endpoint — time to first intracranial progression • Secondary endpoints include neurocognitive failure, overall survival, radiological response rate randomization 1:1 stereotactic ttfields MRI q2m until progression radiosurgery screening and baseline evaluation stereotactic supportive care MRI q2m until progression radiosurgery Novocure, Ltd. Effect of TTFields (150 kHz) in Non-small Cell Lung Cancer (NSCLC) Patients With 1-10 Brain Metastases Following Radiosurgery (METIS) In: ClinicalTrials.gov [Internet]. Bethesda (MD): National Library of Medicine (US). 2000-[cited 2018 May]. Available from: https://clinicaltrials.gov/ct2/show/NCT02831959. NLM Identifier: NCT02831959 © Novocure 2018 32
SECOND LINE TREATMENT FOR ADVANCED NON-SMALL CELL LUNG CANCER phase 2 pilot EF-15 trial A prospective, open label, single-arm, non-randomized, multicenter study testing safety and preliminary efficacy of TTFields at 150 kHz in combination with pemetrexed in pretreated patients with locally advanced and/or metastatic non-small cell lung cancer versus historical controls • 42 patients in Switzerland with locally advanced and/or metastatic non-small cell lung cancer • Last patient enrolled May 2011 with six month follow-up, data published in Lung Cancer in 2013 TTFIELDS WITH PEMETREXED-ALONE EFFICACY ENDPOINTS PEMETREXED 1 HISTORICAL RESULTS 2 Median in-field PFS 6.5 months n/a Median PFS 5 months 2.9 months Median OS 13.8 months 8.3 months One-year survival rate 57% 29.7% Novocure, Ltd. NovoTTF-100L in Combination With Pemetrexed (Alimta®) for Advanced Non-small Cell Lung Cancer In: ClinicalTrials.gov [Internet]. Bethesda (MD): National Library of Medicine (US). 2000-[cited 2018 May]. Available from: https://clinicaltrials.gov/ct2/show/NCT00749346. NLM Identifier: NCT00749346 1. Pless M., Droege C., von Moos R., et al. A phase I/II trial of Tumor Treating Fields (TTFields) therapy in combination with pemetrexed for advanced non-small cell lung cancer. Lung Cancer. 2013 Sep;81(3):445-50. doi: 10.1016/j.lungcan.2013.06.025 2. Hanna N., Shepherd F.A., Fossella F.V., et al. Randomized Phase III Trial of Pemetrexed Versus Docetaxel in Patients With Non–Small-Cell Lung Cancer Previously Treated With Chemotherapy. J Clin Oncol. 2004 May 1;22(9):1589-97. doi: 10.1200/JCO.2004.08.163 © Novocure 2018 33
SECOND LINE TREATMENT FOR ADVANCED NON-SMALL CELL LUNG CANCER LUNAR phase 3 pivotal trial initiated in 2017 A prospective, randomized controlled, multicenter trial testing efficacy and safety of TTFields at 150 kHz in combination with docetaxel or immune checkpoint inhibitors for stage IV NSCLC patients following progression while on or after platinum based treatment • 534 patients (TTFields plus docetaxel or immune checkpoint inhibitors vs docetaxel or immune checkpoint inhibitors alone) • Last patient enrollment expected in 2019, eighteen month follow-up after final patient enrollment • Primary endpoint – overall survival (OS) (superiority) • Secondary endpoints – o OS of TTFields + docetaxel vs docetaxel alone (superiority) o OS of TTFields + immune checkpoint inhibitors vs immune checkpoint inhibitors alone (superiority) o OS of TTFields + docetaxel vs immune checkpoint inhibitors alone (non-inferiority) ttfields + immune three post- randomization CT q6w until survival checkpoint progression progression follow up progression on or screening and inhibitor/docetaxel follow-up visits 1:1 after platinum- baseline based therapy evaluation three post- immune checkpoint CT q6w until survival progression inhibitor/docetaxel progression follow up follow-up visits Novocure, Ltd. Effect of Tumor Treating Fields (TTFields) (150 kHz) as Second Line Treatment of Non-small Cell Lung Cancer (NSCLC) in Combination With PD-1 Inhibitors or Docetaxel (LUNAR) In: ClinicalTrials.gov [Internet]. Bethesda (MD): National Library of Medicine (US). 2000-[cited 2018 May]. Available from: https://clinicaltrials.gov/ct2/show/NCT02973789. NLM Identifier: NCT02973789 © Novocure 2018 34
LOCALLY ADVANCED AND METASTATIC PANCREATIC CANCER phase 2 pilot PANOVA trial A prospective, open label, single-arm, non-randomized, multicenter study testing feasibility, safety and preliminary efficacy of TTFields at 150 kHz in combination with gemcitabine or gemcitabine plus nab-paclitaxel in patients with advanced pancreatic cancer versus historical controls • 40 patients (2 cohorts of 20 patients) in Europe with advanced pancreatic cancer • Last patient enrolled May 2016 with six month follow-up TTFIELDS WITH NAB-PACLITAXEL + TTFIELDS WITH GEMCITABINE-ALONE NAB-PACLITAXEL GEMCITABINE EFFICACY ENDPOINTS GEMCITABINE 1 HISTORICAL RESULTS 2 + GEMCITABINE 3 HISTORICAL RESULTS 2 Median PFS 8.3 months 3.7 months 12.7 months 5.5 months Median OS 14.9 months 6.7 months Not yet reached 8.5 months One-year survival rate 55% 22% 72% 35% Partial response rate 30% 7% 40% 23% Stable disease 30% 28% 47% 27% Novocure, Ltd. Safety Feasibility and Effect of TTFields (150 kHz) Concomitant With Gemcitabine or Concomitant With Gemcitabine Plus Nab-paclitaxel for Front-line Therapy of Advanced Pancreatic Adenocarcinoma (PANOVA) In: ClinicalTrials.gov [Internet]. Bethesda (MD): National Library of Medicine (US). 2000-[cited 2018 May]. Available from: https://clinicaltrials.gov/ct2/show/NCT01971281. NLM Identifier: NCT01971281 1. Rivera F., et al. PANOVA: A pilot study of TTFields concomitant with gemcitabine for front-line therapy of advanced pancreatic adenocarcinoma. In: 2016 Gastrointestinal Cancers Symposium; 2016 Jan 21-23; San Francisco, CA. Alexandria (VA): ASCO; 2016. Abstract 682. 2. Von Hoff D.D., Ervin T., Arena F.P., et al. Increased Survival in Pancreatic Cancer with nab-Paclitaxel plus Gemcitabine. N Engl J Med. 2013 Oct 31;369(18):1691-703. doi: 10.1056/NEJMoa1304369 3. Benavides M. et.al. PANOVA: A phase II study of TTFields (150kHz) concomitant with standard chemotherapy for front line therapy of advanced pancreatic adenocarcinoma In: Proceedings of the 107th Annual Meeting of the American Association for Cancer Research; 2017 Apr 1-5; Washington, DC. Philadelphia (PA): AACR; 2017. Abstract CT130. © Novocure 2018 35
LOCALLY ADVANCED PANCREATIC CANCER PANOVA 3 pivotal trial initiated in 2017 A prospective, randomized controlled, multicenter trial testing efficacy and safety of TTFields at 150 kHz in combination with nab-paclitaxel plus gemcitabine as first-line treatment in patients with unresectable, locally advanced pancreatic cancer • 556 patients internationally, randomized 1:1 (TTFields plus nab-paclitaxel plus gemcitabine vs nab-paclitaxel plus gemcitabine alone) • Last patient enrollment expected in 2020, eighteen month follow-up after final patient enrollment • Primary endpoint – overall survival (OS) • Secondary endpoints include PFS, objective response rate, rate of resectability, quality of life randomization 1:1 ttfields + nab-paclitaxel CT q8w until second line survival follow up + gemcitabine progression chemotherapy screening and baseline evaluation nab-paclitaxel + CT q8w until second line survival follow up gemcitabine progression chemotherapy Novocure, Ltd. Effect of Tumor Treating Fields (TTFields, 150 kHz) as Front-Line Treatment of Locally-advanced Pancreatic Adenocarcinoma Concomitant With Gemcitabine and Nab-paclitaxel (PANOVA-3) In: ClinicalTrials.gov [Internet]. Bethesda (MD): National Library of Medicine (US). 2000-[cited 2018 May]. Available from: https://clinicaltrials.gov/ct2/show/NCT03377491. NLM Identifier: NCT03377491 © Novocure 2018 36
RECURRENT OVARIAN CANCER phase 2 pilot INNOVATE trial A prospective, open label, single-arm, non-randomized, multicenter study testing feasibility, safety, toxicity and preliminary efficacy of TTFields at 200 kHz in combination with weekly paclitaxel in patients with recurrent ovarian cancer versus historical controls • 30 patients in Europe with recurrent ovarian cancer • Last patient enrolled May 2016 with six month follow-up TTFIELDS PACLITAXEL-ALONE EFFICACY ENDPOINTS WITH PACLITAXEL 1 HISTORICAL RESULTS 2 Median PFS 8.9 months 3.9 months* Median OS Not yet reached 13.2 months One-year survival rate 61% Novocure, Ltd. Safety, Feasibility and Effect of TTFields (200 kHz) Concomitant With Weekly Paclitaxel in Recurrent Ovarian Carcinoma (INNOVATE) In: ClinicalTrials.gov [Internet]. Bethesda (MD): National Library of Medicine (US). 2000- [cited 2018 May]. Available from: https://clinicaltrials.gov/ct2/show/NCT02244502. NLM Identifier: NCT02244502 1. Vergote I., et.al. INNOVATE: a phase II study of TTFields (200 kHz) concomitant with weekly paclitaxel for recurrent ovarian carcinoma. In: Proceedings of the 107th Annual Meeting of the American Association for Cancer Research; 2017 Apr 1-5; Washington, DC. Philadelphia (PA): AACR; 2017. Abstract CT135. 2. Poveda A.M., Selle F., Hiplert F. et al. Bevacizumab Combined With Weekly Paclitaxel, Pegylated Liposomal Doxorubicin, or Topotecan in Platinum-Resistant Recurrent Ovarian Cancer: Analysis by Chemotherapy Cohort of the Randomized Phase III AURELIA Trial. J of Clin Onc. 2015 Nov 10;33(32):3836-8. doi: 10.1200/JCO.2015.63.1408. * Median PFS reflects the weekly paclitaxel subgroup; Median PFS for all chemotherapies was 3.4 months © Novocure 2018 37
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