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Delcath Systems Inc - DCTH STOCK NEWS

Welcome to our dedicated page for Delcath Systems news (Ticker: DCTH), a resource for investors and traders seeking the latest updates and insights on Delcath Systems stock.

Delcath Systems Inc. (Nasdaq: DCTH) is a prominent interventional oncology company focusing on the treatment of primary and metastatic liver cancers. The company's flagship product, the HEPZATO KIT™ (comprising Hepzato (melphalan) for Injection and the Hepatic Delivery System), offers a revolutionary approach to liver-directed chemotherapy. This system enables high-dose chemotherapy delivery directly to the liver, minimizing systemic exposure and associated side effects.

HEPZATO KIT is FDA-approved in the United States for treating adult patients with metastatic uveal melanoma (mUM) presenting unresectable hepatic metastases, especially when the metastases affect less than 50% of the liver and there is no extrahepatic disease, or extrahepatic disease limited to specific regions like bone or lymph nodes that can be managed surgically or through radiation. The product's approval followed the pivotal Phase 3 FOCUS study, which demonstrated a significant improvement in overall response rates and progression-free survival compared to historical data.

In Europe and the United Kingdom, Delcath markets the product under the trade name CHEMOSAT® Hepatic Delivery System for Melphalan. This device-only configuration has been utilized in over 250 treatments across 20 leading European cancer centers, establishing itself as a reliable option for liver cancer therapy.

Delcath continues to make strides in enhancing treatment accessibility. Recently, the company launched a Healthcare Setting Locator on their website to help patients, caregivers, and healthcare providers find facilities offering HEPZATO KIT treatment. The company also secured a permanent J-code for HEPZATO, streamlining the reimbursement process and facilitating broader patient access.

Recent business highlights include the first commercial use of HEPZATO KIT at Moffitt Cancer Center and the successful closing of a $7 million private placement to support ongoing commercial endeavors. Delcath has also published significant data from the FOCUS study in the Annals of Surgical Oncology, reinforcing the clinical efficacy of their treatment.

As Delcath Systems Inc. forges ahead, they remain committed to expanding the clinical adoption of their innovative therapies in major markets, thus providing critical treatment options to liver cancer patients worldwide.

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Delcath Systems, Inc. will present at the Roth MKM Healthcare Opportunities Conference in New York on October 12. A webcast and replay of the presentation will be available. One-on-one meetings with management are also scheduled.
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Delcath Systems, Inc. granted equity awards to new hires, issuing a total of 86,000 shares of common stock. The awards were granted outside of the Company's Omnibus 2020 Equity Incentive Plan. Each employee received options with an exercise price equal to the closing price of Delcath common stock on the grant date. One-third of the options will vest on the first anniversary of the grant date, with the remaining two-thirds vesting in equal monthly installments over the following twenty-four months.
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Delcath Systems, Inc. announces study comparing liver directed therapies in patients with metastatic uveal melanoma, showing significantly longer overall survival for patients treated with Chemosat vs. SIRT (516 and 301 days, respectively; p=0.006).
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Delcath Systems to present at H.C Wainwright Global Investor Conference on September 13 at 11:00 AM ET.
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Delcath Systems, Inc. raised $35 million through the exercise of Tranche A warrants, following FDA approval of HEPZATO KIT. Tranche B warrants could generate an additional $25 million. The financing triggers an extension of the interest-only period for an existing loan agreement.
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FDA approves HEPZATO KIT as liver-directed therapy for metastatic uveal melanoma, Delcath to hold Business Update Call on August 15, 2023
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Delcath Systems, Inc. reported business highlights and financial results for Q2 2023. The company is awaiting FDA review of the HEPZATO KIT NDA resubmission. Delcath received stockholder approval for potential stock issuance and generated $25 million from a private placement. They also hired a new Chief Medical Officer, Senior Vice President of Finance, and Director of Sales and Strategy. Total revenue for Q2 2023 was $0.5 million, compared to $0.8 million in the prior year. R&D expenses decreased to $3.6 million, while selling, general, and administrative expenses increased to $4.8 million.
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Delcath Systems, Inc. plans to report its 2Q23 earnings and issue its Form 10-Q the week of August 7, 2023. The company expects the FDA to review and take action on its HEPZATO™ KIT's new drug application by the August 14, 2023 Prescription Drug User Fee Act (PDUFA) date.
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FAQ

What is the current stock price of Delcath Systems (DCTH)?

The current stock price of Delcath Systems (DCTH) is $9.39 as of November 15, 2024.

What is the market cap of Delcath Systems (DCTH)?

The market cap of Delcath Systems (DCTH) is approximately 254.1M.

What is the primary focus of Delcath Systems Inc.?

Delcath Systems Inc. focuses on the treatment of primary and metastatic liver cancers using proprietary products like the HEPZATO KIT™ and CHEMOSAT® Hepatic Delivery System.

What is the HEPZATO KIT?

The HEPZATO KIT is a combination of Hepzato (melphalan) for Injection and the Hepatic Delivery System, designed to deliver high-dose chemotherapy directly to the liver with minimal systemic exposure.

Where is the HEPZATO KIT approved for use?

The HEPZATO KIT is approved by the FDA for use in the United States to treat adult patients with metastatic uveal melanoma (mUM) with unresectable hepatic metastases.

What is the CHEMOSAT® Hepatic Delivery System?

In Europe and the UK, Delcath markets the CHEMOSAT® Hepatic Delivery System, a device-only configuration for administering high-dose chemotherapy to the liver.

How many CHEMOSAT treatments have been performed in Europe?

Over 250 CHEMOSAT treatments have been performed at more than 20 leading European cancer centers.

What recent milestones has Delcath Systems Inc. achieved?

Recent milestones include the first commercial use of HEPZATO KIT, securing a permanent J-code for the product, and closing a $7 million private placement.

What was the outcome of the pivotal Phase 3 FOCUS study?

The FOCUS study demonstrated that the HEPZATO KIT significantly improved overall response rates and progression-free survival for patients with metastatic uveal melanoma.

What support does Delcath offer for patients seeking HEPZATO KIT treatment?

Delcath has launched a Healthcare Setting Locator on their website to help patients, caregivers, and healthcare providers find facilities offering HEPZATO KIT treatment.

How does the HEPZATO KIT minimize systemic exposure?

The Hepatic Delivery System in the HEPZATO KIT isolates the liver and filters hepatic venous blood during melphalan infusion and washout, reducing systemic toxicity.

How does Delcath Systems Inc. support its commercial strategy in Europe?

Delcath aims to grow clinical adoption of CHEMOSAT in major European markets and leverage physician experience to support reimbursement appeals.

Delcath Systems Inc

Nasdaq:DCTH

DCTH Rankings

DCTH Stock Data

254.11M
31.97M
2.71%
38.13%
4.46%
Medical Devices
Surgical & Medical Instruments & Apparatus
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United States of America
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