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Cardiogenesis Corporation Names Paul J. McCormick Executive Chairman
Date:6/24/2009

IRVINE, Calif., June 24 /PRNewswire-FirstCall/ -- Cardiogenesis Corporation (Pink Sheets: CGCP), a market leader in laser transmyocardial revascularization (TMR), today announced that Paul J. McCormick has been appointed as Executive Chairman and will join the management team effective July 1st. As Executive Chairman, Mr. McCormick will have responsibilities in the areas of corporate strategy development and execution, financing, and investor relations. In addition the company announced that Richard Lanigan, the company's current President, has been named as Executive Vice President of Marketing.

Mr. McCormick has more than twenty-eight years of management experience in the medical device industry. He was named Chairman of the Board in May 2007. He is the former Chief Executive Officer of Endologix, Inc. (Nasdaq: ELGX) a manufacturer of minimally invasive treatments for abdominal aortic aneurysms. During his ten-years at Endologix, he directed the clinical development, regulatory strategy and commercial launch of that company's technology.

"I appreciate the opportunity to work with this strong management team and the Board on creating and building shareholder value. This new management structure allows the company to better focus its human resources on the execution of its corporate strategies," Mr. McCormick said. "The company is in an enviable space of having a clinically significant technology and a clear strategy going forward. I believe we must re-engage the cardiology community to increase patient referrals for our products, demonstrate to cardiovascular surgeons a broader clinical utility of TMR with a particular focus on its potential to improve the patency of vein bypass grafts, as well as develop its proprietary PHOENIX(R) System for combination delivery of TMR plus biologics for which it expects to begin a US cli
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SOURCE Cardiogenesis Corporation
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