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Cardiogenesis Reports Fourth Quarter and Fiscal Year 2008 Results
Date:3/31/2009

ulted primarily from a $176,000 reduction in incentive compensation, an $87,000 reduction in insurance expense, and a $20,000 reduction in general and administrative related depreciation.

Lanigan further noted, "In the latter part of 2008 we expanded our marketing focus to include the cardiologists who manage the patients with refractory angina. Although CT surgeons perform the procedure, usually as an adjunct to coronary bypass, we believe we must also focus on the significant number of angina patients who are not candidates for coronary bypass or intervention that can benefit from stand-alone TMR. These individuals are being medically managed by thousands of cardiologists. Since the beginning of the fourth quarter of 2008, 13 new sites performed their first stand-alone TMR cases, five of them utilizing a surgical robot." Mr. Lanigan added, "We believe successful stand-alone TMR cases also help validate the therapy for adjunctive use in the eyes of CT surgeons and our strategy of educating the cardiologists is important to the long term growth of the utilization of the therapy."

About Cardiogenesis Corporation

Cardiogenesis is a medical device company specializing in the treatment of cardiovascular disease and is a leader in devices that treat severe angina. The Company's market leading holmium:YAG laser system and single use fiber-optic delivery systems are used to perform a FDA-cleared surgical procedure known as Transmyocardial Revascularization (TMR).

For more information on Cardiogenesis and its products, please visit the Company's website at http://www.cardiogenesis.com or the direct to patient website at http://www.heartofnewlife.com.


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SOURCE Cardiogenesis Corporation
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