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The FDA approval is a major milestone, comparable to similar breakthroughs in oncology that often lead to sustained stock rallies. Historical precedents demonstrate that new treatment approvals can catalyze significant investor interest and institutional buying.
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NovoCure received FDA approval for its Optune Pax device, a significant advancement in treatment options for locally advanced pancreatic cancer. This is the first new therapy approved in nearly three decades, which has surged NVCR's stock by over 30%, signaling strong market reception and potential for continued growth.
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