Cardica Announces Fiscal 2009 Second Quarter Financi... ( REDWOOD CITY Calif. Jan. 29 /- Ca...)

Cardica Announces Fiscal 2009 Second Quarter Financial Results

Date:1/29/2009

REDWOOD CITY, Calif., Jan. 29 /PRNewswire-FirstCall/ -- Cardica, Inc. (Nasdaq: CRDC) today reported financial results and corporate progress for its fiscal 2009 second quarter and six months ended December 31, 2008.

"Clinical adoption of our PAS-Port(R) Proximal Anastomosis System by cardiothoracic surgeons for use in coronary artery bypass graft (CABG) procedures since FDA clearance in September has been encouraging," said Bernard A. Hausen, M.D., Ph.D., president and chief executive officer of Cardica. "During the quarter, nearly 200 surgeons were trained to use the PAS- Port system. The PAS-Port system has been used in increasing numbers of CABG surgeries throughout the United States, including in dozens of total connector CABG cases, in which our C-Port and PAS-Port automated systems are used to connect all bypass vein grafts, eliminating the need to hand sew these vessels."

Recent Highlights and Accomplishments

-- Trained a total of 226 U.S. surgeons on the PAS-Port system since U.S. Food and Drug Administration clearance, including 196 in the fiscal 2009 second quarter alone, and a total of 384 surgeons on the C-Port(R) Distal Anastomosis Systems since product introduction;

-- Increased cumulative worldwide shipments of PAS-Port systems to over 11,500 units, with 1,827 units shipped in the fiscal 2009 second quarter; the majority of units were shipped to U.S. customers;

-- Increased cumulative worldwide shipments of C-Port systems to over 8,000 units, with 993 units shipped in the fiscal 2009 second quarter;

-- Enabled cardiothoracic surgeons to perform dozens of total connector coronary artery bypass, or C-CAB(TM), procedures for the first time in the United States, using only the C-Port and PAS-Port systems to attach bypass grafts;

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Cardica Announces Fiscal 2009 Second Quarter Financi...( REDWOOD CITY Calif. Jan. 29 /- Ca...)