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Home » Delcath to pare 20% of its U.S. workforce | Personnel Moves

Delcath to pare 20% of its U.S. workforce | Personnel Moves

July 2, 2013 By Sony Salzman

fired/hired

Queensbury, N.Y.-based Delcath (NSDQ:DCTH) announced last week that it plans to pare its workforce by about 20%, the latest in a series of layoff announcements from the oncology devices maker. This is the 3rd time this year that Delcath has announced imminent layoffs, having announced smaller cuts in April and larger layoffs in January.

The terminations come in the wake of the device maker’s breakdown at the FDA. The FDA’s Oncologic Drugs Advisory Committee in May voted 16-0 that the risks associated with Delcath’s Melblez Kit are higher than its potential benefits for patients with unresectable ocular melanoma metastatic to the liver.

Delcath reported that the cuts are an attempt to "better focus the company’s organizational structure and concentrate financial resources on its clinical development program and European commercialization," noting that European operations will not be impacted by the layoffs.

New of the layoffs was contained in a press release announcing the appointment of William Appling to take over as both the head of R&D and head of global operations. Appling, who has worked for the company for 3 years, will take over for former executive VP of global operations, Harold Mapes, and for former R&D executive Krishna Kandarpa.

"The actions we announced today are designed to further increase our organizational efficiencies with a goal of reducing our expected cash burn in the fourth quarter to approximately 50% of what it was in the 2nd quarter of 2012," Delcath CEO Eamonn Hobbs said in prepared remarks. "Our team continues to be focused on our key strategic priorities in clinical development and European commercialization."

 Hansen Medical legal exec flies the coop
Carolyn Bruguera left Hansen Medical’s (NSDQ:HNSN) legal team June 28. The former VP & general counsel joined the robot surgery systems company in January 2012 following 6 years at Micrus Endovascular Corp.
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 A quick goodbye for NeuroMetrix’s COO
NeuroMetrix (NSDQ:NURO) operations chief Krishnamurthy Balachandran announced his resignation on June 27 and walked out the door 3 days later, according to regulatory filings. Balachandran was the senior VP, general manager of international & COO.
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 New top dog at RF Surgical Systems
RF Surgical Systems pulled John Buhler in as CEO of the company following his role as COO of Natus Medical (NSDQ:BABY). Buhler has also held executive roles at SenoRx and GE (NYSE:GE). Buhler replaced former CEO Kevin Cosens, who was at the helm for 7 years.
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 bioTheranostics adds 2 doctors to its executive team
Cancer diagnostics company bioTheranostics hired Dr. Michael Dugan as CMO and Catherine Schnabel as VP of medical, clinical & regulatory affairs. Dugan was the former CMO of Roche Molecular Systems and previously worked at UCLA. Schnabel’s career spanned executive and research roles at Amylin Pharmaceuticals, Genoptix and Genentech.
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Filed Under: News Well Tagged With: bioTheranostics, Delcath Systems Inc., Hansen Medical Inc., Layoffs, Neurometrix, Personnel Moves, RF Surgical Systems

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