The Medical Device Business Journal — Medical Device News & Articles | MassDevice
Delcath Systems Inc. (NSDQ:DCTH) closed its offering of 5 million shares of common stock with a reported $23.5 million raised.
Shares sold for $5.05, driving down the company’s shares 14 percent on The Street, from a closing price of $5.87 on July 14, the day of the offering, to $5.06 by the end of the day July 15.
MassDevice keeps a close eye on public medical device companies, tracking their quarterly sales and earnings reports. For the most recent filings, check out our Earnings Roundup, where we collect each quarter’s reports.
Here’s a quick rundown of a few releases over the past couple days:
Cardica surges to Q1 profits
Cardica Inc. (NSDQ:CRDC) posted profits of $6.2 million, or 25 cents per share, on sales of $10.0 million during the three months ended Sept. 30. That compares with losses of $2.7 million, or 17 cents per diluted share, on sales of $947,000 during the same period last year.
Corgenix Medical Corp. (OTC:CONX) posted second-quarter sales of $1.96 million for the three months ended Dec. 31, 2009, down 1.8 percent compared with $2 million during the same period in 2008. Net losses narrowed rose 68.7 percent to $84 million, compared with $268 million during Q2 2009:
