Delcath Systems Inc (DCTH)

[Potfolio]

CHEMOSAT Valuation for Europe

Has there been recent studies, articles or discussion on just the valuation of CHEMOSAT in Europe? What's the P&L look like? Don't see it as likely, but trying to wrap my head around the business a bit more.

Even now it appears they will be doing $3M in sales with $2M+ GM...what type of S&A and R&D structure would even be needed?

Being a newbie relative to most of you...it just seems on the surface that CHEMOSAT in Europe is worth significantly more than the valuation right now?

It's one of the questions I've been pondering prior to even building a larger position here with a cost basis under 5.5 cents.

I mean couldn't they just say screw the US....stop R&D and everything else...and just support European growth and have a valuation of 5x what it is now?? Without the cash bleed?