BUZZ-Delcath Systems rises as co expects wider-than-estimated Q3 revenue

Reuters

2024-10-18

Oct 17 (Reuters) - ** Shares of medical device maker Delcath Systems Inc up 5.8% at $10.06

** Co expects Q3 revenue of $11.2 mln, above analysts' average estimate of $9.45 mln, according to data compiled by LSEG

** Co says it recorded $10 mln in U.S. revenue in Q3 from commercialization of Hepzato Kit, a drug-device combination product for cancer treatment

** DCTH says $10 mln quarterly U.S. revenue milestone triggers $25 mln financing tranche, which it will utilize to support ongoing commercial launch and invest in new trials to expand indications it plans to initiate in 2025

** Co to announce quarterly financial results on Nov. 8

** Up to last close, stock up ~140.98% YTD

(Reporting by Rishab Shaju in Bengaluru)

((Rishab.Shaju@thomsonreuters.com;))

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