NEW YORK, Feb. 2,
2012/PRNewswire/ -- Delcath Systems, Inc.
(NASDAQ: DCTH) announced today that the first patients in
Europehave been treated with the Delcath
Hepatic CHEMOSAT® Delivery System at the European Institute
of Oncology (Instituto Europeo di Oncologia - IEO), a
premier cancer treatment and research center in
Milan. The cases were treated as part of the
initial launch and training agreement the Company announced
with the IEO in November 2011.
Two patients were treated for inoperable liver-dominant
metastases from ocular melanoma and gastric cancer. All
CHEMOSAT procedures were successfully completed without
procedure-related complications. Delcath and the IEO will
host a joint-press conference, on February 15,
2012at the IEO, at which time an update on patient
status will be presented.
The procedures were conducted with the Generation One
version of the CHEMOSAT system, while the Generation Two
version is under review for CE Mark approval by the
Notified Body.
"The CHEMOSAT system represents an important
advancement in treatment options for cancers in the liver,
which have significantly poorer survival rates compared to
cancers that have spread predominantly to other
organs," said Dr. Alessandro Testori, a
surgical oncologist and Director of the Division of
Melanoma and Skin-Muscle Sarcoma at the IEO. "We
believe this technology will help fill an important gap in
the treatment of multiple tumor types in the liver because
of its demonstrated ability to deliver concentrated doses
of chemotherapeutic agent directly to the liver while
helping to minimize systemic exposure. We are pleased to be
the first center in Europeto begin offering
this treatment to patients and look forward to exploring
its potential with Delcath."
CHEMOSAT is a proprietary product that utilizes
chemosaturation technology, a minimally invasive,
repeatable procedure that delivers high doses of
chemotherapeutic drugs directly to the liver while
minimizing systemic exposure of such drugs. CHEMOSAT
received CE Mark in April 2011as a Class III
medical device with an indication for the percutaneous
intra-arterial administration of a chemotherapeutic agent
(melphalan hydrochloride) to the liver.
"Since obtaining our CE Mark, Delcath has been
committed to supporting the technology in the substantial
international liver cancer market," said Eamonn
P. Hobbs, President and CEO of Delcath. "These
cases represent the first uses of CHEMOSAT outside of a
clinical trial-an exciting milestone for Delcath. There is
no greater endorsement for CHEMOSAT than to have the first
European patients treated at an organization as prestigious
as the IEO. We are delighted that the procedures were
successfully performed, and look forward to continued
collaborative progress with the IEO and the opportunity to
open additional CHEMOSAT treatment centers across
Europe."
About the IEO
The European Institute of Oncology was established in 1994
to implement an innovative model for health and advanced
research in the international oncology field. The IEO's
mission is focused on state-of-the-art cancer research and
treatment, from basic laboratory research that grapples
with the genetic roots of cancer, to advanced clinical
research such as testing new drugs, all with the unifying
goal of finding ways to treat patients more effectively.
About Delcath Systems
Delcath Systems, Inc. is a development-stage specialty
pharmaceutical and medical device company focused on
oncology. Delcath's proprietary system for
chemosaturation is designed to administer high dose
chemotherapy and other therapeutic agents to diseased
organs or regions of the body, while controlling the
systemic exposure of those agents. The Company's
initial focus is on the treatment of primary and metastatic
liver cancers. In 2010, Delcath concluded a Phase III
metastatic melanoma study, and the Company recently
completed a multi-arm Phase II trial to treat other liver
cancers. The Company obtained authorization to affix a CE
Mark for the Hepatic CHEMOSAT delivery system in
April 2011. The Company has not yet received
FDA approval for commercial sale of its system in the
United States. For more information, please visit
the Company's website at http://www.delcath.com/.
The Private Securities Litigation Reform Act of 1995
provides a safe harbor for forward-looking statements made
by the Company or on its behalf. This news release contains
forward-looking statements, which are subject to certain
risks and uncertainties that can cause actual results to
differ materially from those described. Factors that may
cause such differences include, but are not limited to,
uncertainties relating to the future use of the CHEMOSAT
delivery system by IEO and future patient outcomes, to the
time required to build inventory and establish commercial
operations in Europe, adoption, use and
resulting sales, if any, for the Hepatic CHEMOSAT delivery
system in the EEA, our ability to successfully
commercialize the chemosaturation system and the potential
of the chemosaturation system as a treatment for patients
with terminal metastatic disease in the liver, CE Mark
approval for Generation Two of the CHEMOSAT delivery
system, acceptability of the Phase III clinical trial data
by the FDA, our ability to address the issues raised in the
Refusal to File letter received from the FDA and the timing
of our re-submission of our NDA, re-submission and
acceptance of the Company's NDA by the FDA, approval of
the Company's NDA for the treatment of metastatic
melanoma to the liver, adoption, use and resulting sales,
if any, in the United States, approval of the
current or future chemosaturation system for other
indications, actions by the FDA or other foreign regulatory
agencies, our ability to obtain reimbursement for the
CHEMOSAT system, our ability to successfully enter into
distribution and strategic partnership agreements in
foreign markets and the corresponding revenue associated
with such foreign markets, uncertainties relating to the
results of research and development projects and future
clinical trials, and uncertainties regarding our ability to
obtain financial and other resources for any research,
development and commercialization activities. These
factors, and others, are discussed from time to time in our
filings with the Securities and Exchange Commission. You
should not place undue reliance on these forward-looking
statements, which speak only as of the date they are made.
We undertake no obligation to publicly update or revise
these forward-looking statements to reflect events or
circumstances after the date they are made.
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Contact Information:
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U.S. Investor Contact:
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U.S. Media Contact:
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EU Media Contact:
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Doug Sherk/Gregory Gin
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Janine McCargo
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Julie A. Johnson
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EVC Group
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EVC Group
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BlissHealth
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415-568-4887/646-445-4801
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646-688-0425
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503-883-9103
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Julie@blisspr.com
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SOURCE Delcath Systems, Inc.