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Delcath Systems (DCTH) Announces Sale of 5 Million Common Shares

July 14, 2011 4:05 PM EDT
Delcath Systems, Inc. (NASDAQ: DCTH) announced the sale of 5,000,000 shares of its common stock pursuant to an underwriting agreement with Jefferies & Company, Inc. acting as the sole bookrunner.

The Company expects to use the net proceeds from the sale of the shares for general corporate purposes, including, but not limited to, commercialization of our products, obtaining regulatory approvals, funding of our clinical trials, capital expenditures and working capital.


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