Shares in Delcath fall after losses grow in Q3

Shares in Delcath Systems (NSDQ:DCTHD) crashed today after the company posted its third quarter results, revealing that the company’s net losses have grown dramatically quarter-over-quarter.

The N.Y.-based company posted a net loss of -$12.6 million on sales of $684,000 for the 3 months ended Sept. 30, for sales growth of 57% compared with the same period last year. In Q3 of last year, Delcath posted a net loss of just -$1.0 million.

Get the full story at our sister site, Drug Delivery Business News.

The post Shares in Delcath fall after losses grow in Q3 appeared first on MassDevice.

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