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Delcath Reports Second Quarter 2012 Financial Results And Highlights Recent Accomplishments
Date:8/7/2012

NEW YORK, Aug. 7, 2012 /PRNewswire/ -- Delcath Systems (NASDAQ: DCTH) today announced financial results and highlights for its second quarter 2012 ended June 30, 2012 and recent corporate accomplishments. 

Highlights for the second quarter 2012 and recent weeks include:

  • Recognition of first product revenue in Delcath history
  • FDA acceptance of the IND Amendments for use of the Generation 2 filter in the U.S. Expanded Access Program, compassionate use, and future clinical trials
  • New drug application (NDA) filing with the FDA for the Company's proprietary chemosaturation system on target for mid-August 2012
  • Addition of five leading cancer centers in the EU to the CHEMOSAT® initial launch and training program; a total 13 CHEMOSAT centers have been signed with presence in all seven key target EU markets
  • Deployment of Quintiles trained medical science liaisons field force in the key target markets in Europe
  • To date 16 CHEMOSAT procedures performed at five EU centers; 13 patients with liver dominant metastases from multiple tumor types have been treated, including cutaneous melanoma, ocular melanoma, gastric cancer, breast cancer and cholangiocarcinoma
  • Raised $21.1 million in net proceeds through a follow on offering to fund operational progress and CHEMOSAT European launch
  • Board of Directors strengthened with the addition of pharmaceutical industry veterans Laura A. Brege and Tasos G. Konidaris.
  • "During the second quarter, we made important progress with the European launch of CHEMOSAT, and generated our first product revenue in the Company's history," said Eamonn P. Hobbs, President and CEO of Delcath.  "We have now signed agreements with 13 leading European Union cancer centers, exceeding our original expectations, and intend to sign additional centers
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    SOURCE Delcath Systems, Inc.
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