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$heff

01/16/13 2:15 AM

#63453 RE: $heff #63434

DCTH..$1.50..DD Post. Key catalysts in 1st Half of 2013. DCTH 8-K with January 2013 Presentation. http://bit.ly/TZOv8h

Jas2mel DD post on DCTH.. http://bit.ly/13BSg95

52wk high is $4.74 and 52wk low is $1.01. With upcoming catalysts, the share price should move significantly higher with an ADCOM in May & PDUFA date on June 15th

On the cusp of realizing the potential: (Slide 3 on 8K)
o EU commercial launch underway
o Reimbursement in additional key EU markets expected in Q1
o U.S. NDA under review – PDUFA date June 15, 2013

Goals: (Slide 14 on 8k)
Expand US (CS-PHP: MEL) label indications beyond the
initial indication we are seeking
Generate robust clinical data to support commercialization
• FDA has accepted IND Amendment to include Gen 2 device in
Expanded Access Program (EAP), compassionate use (CU),
and all future clinical trials
• On track to initiate EAP to treat first patient
• Activate EU Registry to systematically collect data from
commercial experience

Planned 2013 studies, pending discussion with the FDA: (Slide 15 on 8K)
Hepatocellular carcinoma (HCC)
o Global Phase 3 Randomized CHEMOSAT Melphalan vs. BSC for
Sorafenib Failure
Advanced colorectal cancer (CRC) with liver dominant metastasis
o Global Phase 3 Randomized CHEMOSAT Melphalan vs.
Available Alternatives
Neuroendocrine tumor (NET) with liver dominant disease
o Global Phase 3 Randomized CHEMOSAT Melphalan vs.
Available Alternatives
• Phase 2 studies in multiple indications: HCC, NET, CRC, melanoma
• Global Investigator-initiated trials (IITs) – opportunity-driven

U.S. NDA Under Review
• PDUFA date: June 15, 2013 (Slide 19 on 8K)
• Initial indication: unresectable metastatic ocular melanoma
in the liver
o Provides lowest risk pathway to FDA approval and fastest access

• NDA filing included:
o Comprehensive set of additional data in a new FDA compliant
CDISC database
o Gen 2 filter as part of the Chemistry, Manufacturing and Control
(CMC) module
Oncology Drug Advisory Committee (ODAC) panel
expected May 2013
• Three meetings scheduled with FDA to discuss clinical
programs for planned label expansions in each of NET,
HCC,CRC


2013 Anticipated Milestones
2013 Anticipated Milestones
• First patient enrolled in EAP - Q1 2013
• Secure interim reimbursement in Germany and UK - Q1 2013
• Submission for publications of Phase 3 data and mNET arm of

Phase 2 data in
Q1 2013
• Initiate EU Registry - Q1 2013
• First commercial sale in APLA – Q2 2013
• ODAC Panel Meeting May 2013
• Receive NDA approval of Delcath’s chemosaturation system by PDUFA date of
June 15, 2013
• Commence Company’s first investigator initiated trial (IIT) – Q2 2013
• First patient enrolled in Company sponsored trial (CST) to expand indications –
Q4 2013
• US commercial launch of Delcath’s chemosaturation system – Q4 2013
• First patient enrolled in Taiwan HCC pivotal trial – Q4 2013
• Execute strategic partnership for China

A Compelling Investment Opportunity
• Commercial stage company focused on oncology (Slide 26)
• CHEMOSAT provides a unique whole organ therapy for the liver
• CHEMOSAT system has demonstrated extension of progression
free survival (PFS)
• Addressing large unmet market need for cancer patients who
usually die of liver failure
• EU commercial launch underway
• 2013 estimated addressable market opportunity of $2.3 billion
• Reimbursement in additional key EU markets expected in Q1
• U.S. NDA under review
• Expanding clinical data expected to broaden clinical use and US
labeling
• Attractive financial model, $80 million in available resources
and experienced management team to execute plan

WEDBUSH Outperform on Delcath Systems and $10 PT