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Delcath Systems Receives Refusal to File Letter From FDA
Date:2/22/2011

tation remains that we will be able to begin addressing the significant European market opportunity by mid-year."

Delcath had a cash position of approximately $47 million as of December 31, 2010.  The Company's monthly cash burn rate continues to be approximately $2.2 million per month.  As Delcath plans for the anticipated European commercial launch of the Hepatic ChemoSAT Delivery System in the second half of 2011, the Company expects the monthly burn rate will rise in the coming quarters.

Conference Call Information

Delcath will host a conference call today, February 22, 2011 at 8:30 a.m. Eastern Time.  Eamonn Hobbs, President and Chief Executive Officer, and David McDonald, Chief Financial Officer, will host the call.  The dial-in number for the conference call is 1-877-941-1465 for domestic participants and 1-480-629-9644 for international participants.  An audio replay of the call will be available for seven days following the call, and can be accessed by dialing 1-800-406-7325 for domestic callers and 303-590-3030 for international callers, both using passcode 4417144#.  The call will also be available on the Internet live and for 7 days thereafter at www.delcath.com.

About Delcath Systems

Delcath Systems, Inc. is a specialty pharmaceutical and medical device company focused on oncology. Delcath's proprietary system for chemosaturation is designed to administer high dose chemotherapy and other therapeutic agents to diseased organs or regions of the body, while controlling the systemic exposure of those agents. The Company's initial focus is on the treatment of primary and metastatic liver cancers. In 2010, Delcath concluded a Phase III metastatic melanoma study, and the Company recently completed a multi–arm Phase II trial to treat other liver cancers. The Company has not yet received FDA or any foreign regu
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SOURCE Delcath Systems, Inc.
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