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NovoCure Nears Profitability as Revenue Continues to Soar

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NovoCure Nears Profitability as Revenue Continues to Soar

NovoCure (NASDAQ: NVCR), a medical device company focused on oncology, reported its second-quarter results on Wednesday.

Revenue growth continues to remain strong and came in at 41% for the period. The sales leverage helped expand its gross margin, enabling the company to significantly reduce its bottom-line loses and produce operating income for the first time.

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