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Cardica Announces Fiscal 2008 Second Quarter Financial Results and Business Progress
Date:1/24/2008

REDWOOD CITY, Calif., Jan. 24 /PRNewswire-FirstCall/ -- Cardica, Inc. (Nasdaq: CRDC) today reported financial results and corporate progress for its fiscal 2008 second quarter and six months ended December 31, 2007.

"We continue to make excellent commercial progress, with over 1,000 C-Port systems shipped in the past quarter for the first time, an expanding product line designed to enable minimally-invasive cardiac surgery and substantial advancement for our development-stage products," said Bernard A. Hausen, M.D., Ph.D., president and chief executive officer of Cardica, Inc. "Moving forward, we will build on our momentum with a significant presence at the Annual Meeting of the Society for Thoracic Surgeons (STS) next week where we will feature our reloadable, cartridge-based C-Port(R) xA X-CHANGE(TM) system, host a joint robotic seminar with Intuitive Surgical, participate in a physician education event featuring our anastomosis products and train surgeons on the use of our devices at STS University."

Recent Highlights and Accomplishments

Commercial Progress

-- Trained a total of 232 surgeons on C-Port(R) Distal Anastomosis Systems

since product introduction;

-- Increased cumulative worldwide shipments of C-Port systems to over

3,600 units, with more than 1,000 units sold in the fiscal 2008 second

quarter;

-- Increased cumulative worldwide shipments of PAS-Port(R) Proximal

Anastomosis Systems to over 7,300 units, with more than 560 units sold

in the fiscal 2008 second quarter, of which the vast majority of units

were deployed in Japan;

-- Reported data at the 2007 American Heart Association Scientific

Sessions demonstratin
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SOURCE Cardica, Inc.
Copyright©2008 PR Newswire.
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