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Momentum Building: Delcath Systems Spikes on HEPZATO KIT's FDA Nod

  • August 15th, 2023
  • 415 views

Shares of Delcath Systems, Inc. (Nasdaq: DCTH) surged over 50% following the announcement of FDA approval for HEPZATO KIT (melphalan/Hepatic Delivery System). 

This liver-directed therapy is now authorized for adult patients battling metastatic uveal melanoma (mUM), specifically those with unresectable hepatic metastases affecting less than 50% of the liver and limited extrahepatic disease. 

This approval addresses a rare and aggressive cancer with high liver involvement, making it a significant advancement in treatment options and the company plans to make the commercial product available in the fourth quarter. 

$DCTH was trading at $5.35 in pre-market, reflecting a substantial increase of $2.23 (+71.47%)

 

THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)

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