Law Offices of Todd M. Garber Announces Investigation of Delcath Systems,
LOS ANGELES -- May 25, 2013
The Law Offices of Todd M. Garber announces that it is investigating potential
claims against Delcath Systems, Inc. (“Delcath” or the “Company”)
(NASDAQ:DCTH) concerning possible violations of federal securities laws. The
investigation focuses on certain statements issued by Delcath between April
21, 2010 and May 2, 2013 regarding the Company’s business and financial
Delcath operates as a specialty pharmaceutical and medical device company
focusing on the field of oncology, primarily the development of
CHEMOSAT/Melblez Kit system, which administers concentrated regional
chemotherapy to the liver. The investigation is related to allegations that
Delcath misrepresented or failed to disclose material adverse facts about the
Company's New Drug Application seeking Food and Drug Administration (FDA)
approval for commercial sale of Melblez Kit -- Melblez (melphalan) for
Injection for use with the Delcath Hepatic Delivery System -- for the
treatment of patients with unresectable ocular melanoma metastatic to the
liver, including substantial and severe toxicity, and deaths associated with
the drug’s adverse reactions.
On May 2, 2013 the Company disclosed that the FDA’s Oncologic Drugs Advisory
Committee voted 16-0, with no abstentions, that Melblez Kit’s treatment
benefits do not outweigh the risks associated with the procedure. The next
day, as a result of this news, the price of Delcath shares dropped more than
40% on extremely heavy trading volume.
If you purchased Delcath shares during the foregoing period, if you have
information or would like to learn more about these claims, or if you
purchased Delcath stock prior to April 21, 2010 and wish to discuss these
matters, please contact Todd M. Garber, Esquire, of the Law Offices of Todd M.
Garber, by telephone at 213-700-7262 or by email to firstname.lastname@example.org.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
Law Offices of Todd M. Garber
Todd M. Garber, Attorney at Law
Los Angeles, California
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