Novocure secures new $400 million multi-tranche non-dilutive debt financing from Pharmakon
Amount Raised
$400 Million
Round Type
Debt Financing
ZugBiotechnologyHealth CareMedicalTherapeuticsInvestors
Description
Novocure announced a new five-year up to $400 million committed senior secured credit facility with funds managed by Pharmakon Advisors, LP. The proceeds will be used to fund working capital needs stemming from Novocure’s anticipated launch in non-small cell lung cancer and settle, upon maturity, Novocure’s convertible notes.
Quick answer
Novocure raised $400 Million in a Debt Financing round, dated May 2, 2024. Investors: Pharmakon Advisors, LP. Novocure is based in Zug, Zug, Switzerland.
- How much did Novocure raise?
- Novocure raised $400 Million in a Debt Financing round on May 2, 2024.
- Who invested in Novocure?
- Pharmakon Advisors, LP is named as investors in this round.
- What does Novocure do?
- Novocure is a global oncology company working to extend survival in some of the most aggressive forms of cancer through the development and commercialization of its innovative therapy, Tumor Treating Fields.
- Where is Novocure based and how big is it?
- Novocure is based in Zug, Zug, Switzerland. Fundz records about 1,467 employees.
- Who are the decision-makers at Novocure?
- Fundz holds 4 contacts at Novocure, including the Senior Talent Acquisition Partner. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Medical and Therapeutics around the same time
Companies in the same sectors as Novocure that raised within 45 days of this round, from Fundz verified event records.
- Aptose Biosciences raised $4.4M (Seed) on June 3, 2024.
- Grey Wolf Therapeutics raised $50M (Series B) on May 23, 2024.
- Scipher Medicine raised $25M on May 2, 2024.
- neurocare raised $17M (Funding Round) on April 24, 2024.
- Hubly raised $1.3M on June 14, 2024.
- InduPro raised $85M (Series A) on June 13, 2024.
Who to call at Novocure, and when
A new round usually means Novocure is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Novocure raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Novocure, from your own LinkedIn network
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Related People
Novocure raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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