HIGHBuilt-in & outside partyProduct / Revenue mix
Optune Gio (glioblastoma)
“10-K Item 1A: 'almost all of our revenues will derive from sales and royalties from sales of Optune Gio for the treatment of newly diagnosed and recurrent GBM.'”
NVCR · Concentration risk · 10-K extracted
NovoCure (NVCR) concentration risks
Updated
The most significant concentration NovoCure discloses is Optune Gio (glioblastoma), classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
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Source: NovoCure’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 3 disclosed concentrations
HIGH1
MEDIUM2
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
MEDIUMBuilt-inGeographic
United States, Germany, France and Japan
“10-K Item 1: 'We market our Products in multiple countries around the globe with the majority of our revenues coming from the use of Optune Gio in the U.S., Germany, France and Japan.'”
MEDIUMOutside partyCounterparty
Zai Lab (Greater China license)
“10-K Item 1A: 'we have exclusively licensed rights to commercialize our Products in the field of oncology in Greater China to Zai pursuant to an agreement that also establishes a development partnership'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-07-06NovoCure's concentration profile layers a product dependency with geographic and partner-based exposures. Almost all of the company's revenue derives from sales and royalties of Optune Gio for glioblastoma, a high, mixed-character exposure reflecting both the structural reality of a single-product commercial base and the practical risk of relying on one indication for essentially all revenue. Geographically, the majority of revenue comes from the U.S., Germany, France and Japan, a moderate, structural concentration spread across four developed markets rather than one. Commercialization in Greater China runs through an exclusive license to Zai Lab under a development partnership, a moderate dependency on a single regional partner. The product concentration is the exposure most capable of moving the verdict, since it sits upstream of both the geographic and partner exposures — any change in Optune Gio's competitive position or reimbursement would flow through all four core markets and the Zai Lab partnership simultaneously. The four-market geographic spread offers some diversification relative to a single-country dependency, while the Zai Lab arrangement is a narrower, partner-specific risk limited to the Greater China opportunity.
For the engine’s reasoning on NVCR’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Medical Devices
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| AORT | Artivion, Inc. | 4 | 4 | 0 | 8 |
| AVNS | Avanos Medical, Inc. | 2 | 0 | 1 | 3 |
| NVCR● | NovoCure Limited | 1 | 2 | 0 | 3 |
| ATEC | Alphatec Holdings, Inc. | 1 | 1 | 0 | 2 |
| ABT | Abbott Laboratories | 1 | 0 | 0 | 1 |
| AHCO | AdaptHealth Corp. | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.