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Cardica Announces Fiscal 2009 Second Quarter Financial Results
Date:1/29/2009

and Japan. Cardica also is developing additional devices with Cook Medical to facilitate vascular closure and other surgical procedures.

Forward-Looking Statements

This press release contains "forward-looking" statements, including the matters described under the heading "Financial Guidance for Fiscal 2009." Any statements contained in this press release that are not historical facts may be deemed to be forward-looking statements. The words "anticipates" "will," "expect," "believe" and similar expressions are intended to identify forward- looking statements. There are a number of important factors that could cause Cardica's results to differ materially from those indicated by these forward- looking statements, including risks associated with Cardica's dependence upon the success of its current products, market acceptance of Cardica's C-Port Distal Anastomosis Systems and PAS-Port Proximal Anastomosis System, manufacturing of the C-Port Distal Anastomosis Systems and PAS-Port Proximal Anastomosis System and its suppliers, Cardica's sales, marketing and distribution strategy and capabilities, success of pre-clinical studies of and regulatory activities related to our collaborations, the impact of the workforce reduction on Cardica's business, unanticipated charges not currently contemplated that may occur as a result of the restructuring plan, Cardica's ability to execute on its strategy and general business and economic conditions and Cardica's need for additional funding, as well as other risks detailed from time to time in Cardica's SEC reports, including its Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2008. Cardica does not undertake any obligation to update forward-looking statements. You are encouraged to read Cardica's reports filed with the U.S. Securities and Exchange Commission, available at http://www.sec.gov.


   
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