Strong Revenue Growth
Combined revenue for HEPZATO and CHEMOSAT reached $19.8 million in Q1 2025, with HEPZATO contributing $18 million and CHEMOSAT contributing $1.8 million. This represents significant growth compared to the previous year.
Increased Active Centers
The company ended Q1 2025 with 17 treating sites and opened an additional two centers, bringing the total to 19 active centers in the U.S., with 10 more centers pending activation.
Positive Financial Metrics
Delcath Systems reported positive cash from operations of $2.2 million, net income of $1.1 million, and a positive adjusted EBITDA of $7.6 million for Q1 2025. The company also ended the quarter with no debt and $59 million in cash and investments.
European Market Growth
The European market for CHEMOSAT grew by 29% over the prior quarter to $1.8 million, despite reimbursement challenges.
Pipeline Expansion
FDA clearance was received for Phase II trials in metastatic colorectal and breast cancer, with plans to start by the end of 2025.