Delcath Systems, Inc (NASDAQ:DCTH)’s primary focus on oncology, Hyperdynamics Corporation (NYSE:HDY)

Posted by Ryan Mandell May 23, 2013 0 Comment 3340 views


Delcath Systems, Inc (NASDAQ:DCTH): In Wednesday’s trading session, Delcath Systems, Inc (NASDAQ:DCTH) dipped 4.63% and closed at $0.418. It opened at $0.44 per share, which was also the intraday high before dropping down to close at $0.41 per share. More than 0.987 million shares were traded in Wednesday’s trading session. This number stood below the average volume of 3.47 million that was measured over a 30-day period.

DCTH is a development stage, specialty pharma and medical device company. It focuses on oncology and primarily targets liver cancer. Delcath Systems, Inc (NASDAQ:DCTH) is involved in developing and clinically studying the Delcath chemosaturation system. This system permits the administration of concentrated, regional chemotherapy. It does this by isolating the circulatory system in the targeted organ. Once the organ has been isolated, the Delcath chemosaturation system delivers metered doses of chemotherapeutic agents straight to the liver. It involves a series of 3, catheter insertions. Each of these catheters are placed percutaneously using interventional radiology techniques. The procedure is a minimally invasive one and is repeatable. It allows for multiple treatment courses that use chemotherapeutic drugs.

Hyperdynamics Corporation (NYSE:HDY): In Wednesday’s trading session, Hyperdynamics Corporation (NYSE:HDY) dipped 4.80%. It opened at $0.50 per share, touched an intraday high at $0.51, before dropping down to close at $0.50 per share. More than 0.383 million shares were traded in Wednesday’s trading session. This number stood below the average volume of 0.429 million that was measured over a 30-day period.

Hyperdynamics Corporation (NYSE:HDY) is an oil and gas exploration company. It has offshore prospects in Northwest Africa in Republic of Guinea. HDY operates these prospects and has a 77% holding in them. Dana Petroleum PLC, Hyperdynamics Corporation (NYSE:HDY)’ participant, is a Korean National Oil Corporation subsidiary. It holds the balance 23% interest in this concession. In 2011 October, Hyperdynamics Corporation (NYSE:HDY) commenced drilling operations at the Sabu-1 well. In 2012 February, the Sabu-1 well reached a total depth of 3,600 meters, which had been planned. HDY has conducted 2-dimensional as well as 3-dimensional surveys of a section of the Concession. In the 2012 financial year, the 3D seismic survey’s acquisition phase covered around 4,000 square kilometers.


About Ryan Mandell

Ryan Mandell is our senior staff writer covering the White House for Political Report, Ryan also coordinates with the main newsroom news items and contributing write-ups on cultural, social and political activities. Ryan holds an undergraduate degree in journalism, a Doctorate in international relations and a Master Degree in mass communications with an emphasis in print journalism. Ryan also covered the International Society of Social Defense congress in Spain in 2007 and taken part in the Global Forum on economic policies

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