NetworkNewsBreaks – Delcath Systems, Inc. (DCTH) Completes $20M PIPE

August 27, 2019 09:44:25

Delcath Systems (OTC: DCTH) has completed a $20 million PIPE with certain accredited investors. According to the update, the placement consisted of a combined price of $1,000 per unit, each consisting of one preferred share initially convertible into 16,667 shares of common stock at an initial conversion price of $0.06 per share and a common stock purchase warrant. For five years from the date of the company’s anticipated reverse stock split, holders of each whole warrant are entitled to purchase one share of common stock at an initial exercise price of $0.06. ROTH Capital Partners acted as sole placement agent for the transaction.

To view the full press release, visit http://nnw.fm/yqE0L

About Delcath System, Inc.

Delcath Systems, Inc. is an interventional oncology company focused on the treatment of primary and metastatic liver cancers. Its investigational product – Melphalan Hydrochloride for Injection for use with the Delcath Hepatic Delivery System (“Melphalan/HDS”) – is designed to administer high-dose chemotherapy to the liver while controlling systemic exposure and associated side effects. The company has been enrolling a global registration clinical trial for patients with Hepatic Dominant Ocular Melanoma (“OM”) called The FOCUS Trial and has initiated a global Phase 3 clinical trial for intrahepatic cholangiocarcinoma (“ICC”) called The ALIGN Trial. Melphalan/HDS has not been approved by the U.S. Food & Drug Administration (“FDA”) for sale in the U.S. In Europe, the company’s system is marketed under the trade name Delcath Hepatic CHEMOSAT® Delivery System for Melphalan (“CHEMOSAT”) and has been used at major medical centers to treat a wide range of cancers of the liver. Since January 2019, CHEMOSAT is marketed under an exclusive licensing agreement with medac, a privately held multi-national pharmaceutical company headquartered in Germany and specializing in the treatment and diagnosis of oncological, urological and autoimmune diseases. For more information, please visit http://Delcath.com.

About NetworkNewsWire

NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 77948 (U.S. Mobile Phones Only)

For more information please visit https://www.NetworkNewsWire.com

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer

NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com