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Delcath Systems Provides Update on Corporate Developments
Date:3/12/2010

rtainties regarding our ability to obtain financial and other resources for any research, development and commercialization activities. These factors, and others, are discussed from time to time in our filings with the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date they are made. We undertake no obligation to publicly update or revise these forward-looking statements to reflect events or circumstances after the date they are made.

    
    
    Delcath Systems, Inc.                                                   
    Balance Sheets as of December 31, 2009 and 2008 
                            
                                                                            
                                                  December 31,  December 31, 
                                                      2009          2008 
                                                      ----          ---- 
    Assets                                                                  
    Current assets                                                          
      Cash and cash equivalents                   $35,486,319    $6,939,233 
      Investments - certificates of deposit                 -     3,847,904 
      Investments - treasury bills                          -       200,710 
      Prepaid expenses and other assets               799,416       353,346 
                                                      -------       ------- 
        Total current assets                       36,285,735    11,341,193 
    Property, plant and equipment                                           
      Furniture and fixtures                           36,800        23,170 
      Computers and equipment                          78,063        21,030 
      Leasehold improvements                          431,425             - 
                                                      ------- 
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