Delcath Systems, Inc. Chops Inside Counsel as Part of Ongoing Restructuring

Delcath (NSDQ:DCTH) said it axed its general counsel as part of ongoing restructuring, aiming to focus more financial resources on clinical development programs.

Peter Graham, who was also Delcath's chief compliance officer and human resources director, ended his Delcath tenure March 9, Delcath said in a regulatory filing. Delcath said his departure stems from a decision "to eliminate its in-house legal functions" in order to "increase flexibility" and save money.

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