Last $1.27 USD
Change Today +0.04 / 3.25%
Volume 201.2K
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delcath systems inc (DCTH) Snapshot

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03/20/14 - $6.72
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delcath systems inc (DCTH) Details

Delcath Systems, Inc. operates as a specialty pharmaceutical and medical device company focusing on the field of oncology in the United States and internationally. The company’s proprietary technology enables the administration of high-dose chemotherapy and other therapeutic agents to diseased organs or regions of the body, while controlling the systemic exposure of those agents. It is primarily involved in the development of CHEMOSAT/Melphalan hepatic delivery system that administers concentrated regional chemotherapy to the liver. Delcath Systems, Inc. was founded in 1988 and is headquartered in New York, New York.

37 Employees
Last Reported Date: 03/12/14
Founded in 1988

delcath systems inc (DCTH) Top Compensated Officers

Interim Chief Executive Officer, Interim Pres...
Total Annual Compensation: $309.6K
Principal Accounting Officer, Vice President ...
Total Annual Compensation: $199.2K
Chief Compliance Officer, Executive Vice Pres...
Total Annual Compensation: $330.2K
Executive Vice President of Regulatory Affair...
Total Annual Compensation: $245.6K
Total Annual Compensation: $333.6K
Compensation as of Fiscal Year 2013.

delcath systems inc (DCTH) Key Developments

Delcath Systems, Inc. Announces New Appointments to its Board of Directors

Delcath Systems, Inc. announced  the appointment of Dr. Dennis H.  Langer, William D. Rueckert and Dr. Marco  Taglietti to the Company's Board of Directors. Dr. Langer will serve as a Class  III director with his  term expiring at the  2015 annual meeting; and Mr. Rueckert  and Dr.  Taglietti will  both serve  as Class  I directors  with terms expiring  at  the  2016 annual  meeting. Concurrent  with  these additions, the Company  also  announced  the  resignations  from  the  Board of Laura A. Brege, Tasos G. Konidaris, and Gabriel Leung. All changes were effective as of December 11, 2014. The  new  directors  are  all  distinguished  business professionals who bring a wealth  of experience in  clinical trials, finance,  and drug development to the Delcath   Board.   Dr.   Langer  possesses  extensive  operating  experience  in pharmaceutical  and biotechnology companies, and has  been the CEO or co-founder of  several healthcare companies.

Delcath Systems, Inc. Announces Treatment of First Patient in Phase 2 Trial of Melphalan Hepatic Delivery System in Primary Liver Cancer

Delcath Systems, Inc. announced that the first treatment has been performed in the company's Global Phase 2 Clinical Program for first-line treatment of patients with unresectable hepatocellular carcinoma (HCC), or primary liver cancer. A team led by Prof. Dr. med. Thomas J. Vogl, Director of the Institute for Diagnostic and Interventional Radiology at Goethe University Hospital Frankfurt, Germany, treated its first case on November 5, 2014. The treating physicians reported that the patient was treated successfully. HCC is the most common primary cancer of the liver, with approximately 700,000 new cases diagnosed worldwide annually. Surgical removal is not possible for an estimated 80%-90% of primary liver cancer patients. In Europe, the Company's Phase 2 trial program will investigate the safety and efficacy of Melphalan/HDS treatment without sorafenib in patients with unresectable liver cancer confined to the liver, evaluate tumor response (objective response rate) as measured by modified Response Evaluation Criteria in Solid Tumor (mRECIST), and assess progression-free survival and safety. Additional analyses will be conducted to characterize the systemic exposure of melphalan administered by Melphalan/HDS, as well as assess patient-reported clinical outcomes, or quality-of-life. The Company's Phase 2 trial program is expected to include four to seven centers in Europe and the United States, and will seek to enroll approximately 30 patients.

Delcath Systems, Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Delcath Systems, Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported total revenue of $217,000 against $72,000 a year ago. Loss from operations was $5,054,000 against $6,702,000 a year ago. Net loss was $4,558,000 or $0.48 per basic and diluted share against $6,206,000 or $1.15 per basic and diluted share a year ago. During the quarter, net cash used in operating activities was $4 million at the low end of its $4 million to $5 million quarterly cash utilization projection, the sixth consecutive quarter of meeting its projections. For the nine months period, the company reported total revenue of $778,000 against $152,000 a year ago. Loss from operations was $16,019,000 against $27,492,000 a year ago. Net loss was $14,436,000 or $1.54 per basic and diluted share against $25,533,000 or $4.35 per basic and diluted share a year ago. For the first nine months, net cash used in operating activities was $12.4 million, a 57% reduction compared to $28.9 million in the comparable period in 2013. The reduction was driven by the increase in NDA submission-related cost, the phasing out of the company’s medical science liaisons program, and improved organizational and operational efficiencies.


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