Navigation Links
Cardica Achieves Milestone Under Century Distribution Agreement
Date:9/22/2011

REDWOOD CITY, Calif., Sept. 22, 2011 /PRNewswire/ -- Cardica, Inc. (Nasdaq: CRDC) today announced that it has achieved the first MicroCutter™ milestone under its distribution agreement and loan commitment with Century Medical, allowing Cardica to draw the first $2 million of an up to $4 million loan commitment from Century.

"We are pleased to have achieved this milestone within two weeks after signing the original agreement, bringing us access to additional capital as we continue to work with a select group of surgeons in Europe to gain initial experience and feedback for our MicroCutter XPRESS™ 30," said Bernard A. Hausen, M.D., Ph.D., president and chief executive officer of Cardica. "We continue to believe Century is the right distribution partner for our MicroCutter product line in Japan, and look forward to a positive ongoing collaboration ahead."

Under the terms of the agreement, which was announced earlier this month, the balance of all amounts drawn by Cardica will be due in September 2016, subject to certain conditions. Cardica expects to achieve the second milestone, which would enable Cardica to access additional amounts under the loan facility with Century, within the next several months.

About Cardica

Cardica designs and manufactures proprietary stapling and anastomotic devices for cardiac and laparoscopic surgical procedures. Cardica's technology portfolio is intended to minimize operating time and enable minimally-invasive and robot-assisted surgeries. Cardica manufactures and markets its automated anastomosis systems, the C-Port® Distal Anastomosis Systems and PAS-Port® Proximal Anastomosis System, for coronary artery bypass graft (CABG) surgery and has shipped over 36,000 units throughout the world. In addition, Cardica is developing the Cardica MicroCutter XPRESS™ 30, a true multi-fire laparoscopic st
'/>"/>

SOURCE Cardica, Inc.
Copyright©2010 PR Newswire.
All rights reserved

0

GOOD

Page: 1 2

Related medicine technology :

1. Cardica Reports Positive Top-Line Results and Submits 510(k) for PAS-Port(R) Proximal Anastomosis System in Cardiac Bypass Surgery
2. Cardica to Host Investor Briefing on Revolutionizing Revascularization
3. Cardica Announces Publication of Pivotal PAS-Port(R) Proximal Anastomosis System Clinical Trial Results
4. Cardica Announces Fiscal 2010 First Quarter Financial Results and Business Progress
5. Cardica Announces Fiscal 2010 Second Quarter Financial Results
6. Cardica to Announce Fiscal 2010 Third Quarter Financial Results on Tuesday, May 4, 2010
7. Cardica to Present at 9th Annual Needham Healthcare Conference on Wednesday, June 9, 2010
8. Cardica to Announce Fiscal 2010 Fourth Quarter and Year End Financial Results on Tuesday, August 17, 2010
9. Cardica and Intuitive Surgical Enter Into License Agreement
10. Cardica Announces Fiscal 2010 Fourth Quarter and Year End Financial Results
11. Cardicas Automated Anastomosis Systems Featured at Advances In Robotic And Hybrid Coronary Revascularization Meeting
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/22/2013)... Z-Medica, a leading developer and marketer of ... line of products designed to meet the unique needs ... EMS 4x4 Dressing, QuikClot ® EMS TraumaPad ... all custom-designed to help responders stop bleeding fast and ... a hospital or trauma center. The line includes products ...
(Date:5/22/2013)... , May 22, 2013 MEDIFIRST SOLUTIONS, ... to update shareholders about some recent company developments. As ... its avenues of communication with shareholders. Integrating social media ... a Facebook page and will post updates on Twitter.  ... hashtag is #medifirstusa. Says CEO ...
(Date:5/22/2013)... , May 22, 2013  Flagship Ventures, a ... on healthcare and sustainability, today announced the appointment ... a Senior Partner. In this role, Mr. Bancel ... companies. In addition to working closely ... also serves as President and Chief Executive Officer ...
Breaking Medicine Technology:Z-Medica Launches New Line of Hemostatic Agents for use in Emergency Medical Services 2Medifirst Solutions, Inc. Announces Update To Shareholders 2Life Science Industry Veteran Stephane Bancel Joins Flagship Ventures 2Life Science Industry Veteran Stephane Bancel Joins Flagship Ventures 3
... Nov. 18 Starpharma Holdings Limited (ASX: SPL; OTCQX: ... of A$15.6 million through a private placement to institutional ... approximately A$24 million. , The lead investor in the ... highly regarded institutional fund manager. As a result ...
... , SAN DIEGO, Nov. 18 Rules-Based Medicine, Inc. ... and services agreement with Covance Inc. (NYSE: CVD ... powerful combination of biomarker technologies and services for use in ... RBM as its exclusive third-party provider of multiplexed protein biomarker ...
Cached Medicine Technology:Starpharma Announces $15.6 million Capital Raising 2Starpharma Announces $15.6 million Capital Raising 3Rules-Based Medicine Forms Biomarker Alliance With Covance Inc. 2Rules-Based Medicine Forms Biomarker Alliance With Covance Inc. 3
(Date:5/22/2013)... Registered Dietitian and Founder of Tatalou Science Nathalie ... a recipe for making energy bars at home. , The ... takes a recipe modified from one recently featured on ... it gets more and more difficult to understand what ingredients ... of the nutrition label continues to grow and consumers are ...
(Date:5/22/2013)... Unknown to the citizens of Wichita, Kansas a ... Minutes before it struck, the city’s warning siren started blaring ... them time to reach safety and prevented any deaths or ... provide a product that will increase safety in the workplace ... Emergency Evacuation System provides employees with the same type ...
(Date:5/22/2013)... 22 (HealthDay News) -- People with heart failure are ... thyroid gland that is even mildly underactive, according to ... the researchers found an increased risk of death linked ... "This study is the first to show that ... death than patients of other racial and ethnic groups," ...
(Date:5/22/2013)... URBANA What effect does a father,s depression have on ... level of emotional intimacy in their marriage, their children benefit, ... is interacting with their child, they need to be able ... to his developmental stage and abilities, and notice whether he ... difficulty doing that," said Nancy McElwain, a U of I ...
(Date:5/22/2013)... married are less likely to be obese, according to ... Houston. , "Childhood obesity is a significant public health ... U.S. children ages 2-17 overweight or obese," said Rachel ... and director of Rice,s Kinder Institute Urban Health Program. ... explore the impact of family structure on this epidemic." ...
Breaking Medicine News(10 mins):Health News:How To "Make Your Own Healthy Energy Bars" 2Health News:Telcom & Data Introduces Wheelock SAFEPATH® SP40S Emergency Evacuation System, An Effective Office Tool to Protect Employees from Severe Weather Threats 2Health News:Underactive Thyroid and Heart Failure a Bad Combination: Study 2Health News:Good marriage can buffer effects of dad's depression on young children 2Health News:Children of married parents less likely to be obese 2Health News:Children of married parents less likely to be obese 3
... A researcher at Tulane University, Marie Krousel-Wood says people ... taking blood pressure medications than others. And people who ... report less intake of BP drugs. ,‘Nationally ... high blood pressure have the condition under control. Poor ...
... quota in Central educational institutions, Union Health Minister Ambumani ... media creation // and that the government's decision ... resistance was all by the media,' Ramadoss told newspersons ... the government proposal, he said 'This is in accordance ...
... cases of jaundice were detected here today even as ... to be suffering from the disease. // ... Nagar found four persons including two children were suffering ... the civil surgeon visited the area as doctors collected ...
... time women will have a vaccine to protect themselves from ... of 'Gardasil' produced by American pharmaceutical giant Merck. // ... of the vaccine, Gardasil, for use in girls and women ... allows an early release of products with potential to provide ...
... Recent research has revealed that taking antibiotics for three days ... is equally effective in the treatment of common pneumonia // ... to curb the rising problem of antibiotic-resistant bacteria, ... diseases at the Academic Medical Center, in Amsterdam said,’The question ...
... state and federal, experts warn that many million dollars ... // . ,A psychiatrist, Ian Hickie says ... were having clash in setting policies. ,The ... due to lack of clear accountability, federal-state role in ...
Cached Medicine News:Health News:Pneumonia Effectively Treated with Short-Term Antibiotic Course 2
... IM3300 EDTV Autoclavable 3CCD Video System, our newly ... truly innovative design features. Operation of the LS7500 ... to operate. To improve the safety of the ... which allows an extra layer of control before ...
Ambion's barrier tips prevent cross-contamination of samples by means of an aerosol filter. They are RNase- and DNase-free and are ideal for handling RNA, PCR applications, and for working with radio...
1000 L, Bulk Recommended for 500 and 1000 L pipettes...
Conducting disposable filter-tips....
Medicine Products: