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

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:9/19/2014)... Sept. 19, 2014  Diplomat, the nation,s largest independent ... Dreyer to the Board of Directors on September ... will also serve as chair of the Audit Committee. ... of accounting, financial, compliance and operating experience in the ... served as chief financial officer, chief operating officer and ...
(Date:9/19/2014)... Five MinuteClinic walk-in medical clinics are opening inside select CVS/pharmacy stores ... opened in Memphis and Cordova ... in Springfield on September 24 and a ... open October 22.  MinuteClinic is the largest and fastest growing provider ... . The Memphis -area clinics join ...
(Date:9/19/2014)... , September 19, 2014 ... by Equipment Type (Benchtop, Mobile, Industrial, & Laboratory), ... Technology (Tray-style, Manifold, & Rotary) & Geography - ... MarketsandMarkets, defines and segments the lyophilization market on ... with analyses and projections of the market size ...
Breaking Medicine Technology:David Dreyer Appointed to Diplomat Board of Directors 2MinuteClinic Walk-in Medical Clinics Opening in Memphis 2MinuteClinic Walk-in Medical Clinics Opening in Memphis 3Lyophilization Market Worth $5,121.5 Million by 2019 2Lyophilization Market Worth $5,121.5 Million by 2019 3
... 2012 , "9 Trends" Report Identifies What,s ... Helping Members Make Healthier Decisions , Using Social Media ... Developing New Ways to Comprehensively Manage Specialty Care , ... Poor health choices add billions in cost to the companies, unions, ...
... Pa. and MAHWAH, N.J., May 17, 2012 Auxilium ... FCB I LLC ("FCB") today announced that the United ... Patent No. 8,178,518 covering, among other things, Testim® 1% ... The newly issued patent, which claims certain pharmaceutical compositions ...
Cached Medicine Technology:Poor Health Decisions Cost Billions; New Report Identifies Unhealthy Behavior as Top Concern of Benefit Providers 2Poor Health Decisions Cost Billions; New Report Identifies Unhealthy Behavior as Top Concern of Benefit Providers 3Poor Health Decisions Cost Billions; New Report Identifies Unhealthy Behavior as Top Concern of Benefit Providers 4Poor Health Decisions Cost Billions; New Report Identifies Unhealthy Behavior as Top Concern of Benefit Providers 5Auxilium Pharmaceuticals, Inc. and FCB I LLC Announce the Issuance of Composition of Matter Patent Covering Testim 2Auxilium Pharmaceuticals, Inc. and FCB I LLC Announce the Issuance of Composition of Matter Patent Covering Testim 3Auxilium Pharmaceuticals, Inc. and FCB I LLC Announce the Issuance of Composition of Matter Patent Covering Testim 4Auxilium Pharmaceuticals, Inc. and FCB I LLC Announce the Issuance of Composition of Matter Patent Covering Testim 5
(Date:9/19/2014)... two-generation approaches to reducing poverty that help children ... researchers, advocates, and foundations. By combining education and ... to jobs that offer a path out of ... children, these programs aim to improve the life ... new report from the National Center for Children ...
(Date:9/19/2014)... BC (PRWEB) September 19, 2014 Famous ... recently announced that it has now become a one-stop-solution ... households and businesses in Vancouver. The company has achieved ... enhanced services to its customers. While there are many ... blessing to have a single vendor who can offer ...
(Date:9/19/2014)... FRIDAY, Sept. 19, 2014 (HealthDay News) -- When it ... deaths in the United States, while the District of ... Over the past decade, deaths from gun-related violence -- ... across the United States, the study revealed. Hawaii,s rate ... end of the spectrum, the District of Columbia had ...
(Date:9/19/2014)... Recently, Top10BestSEOHosting.com has compared many professional web ... Hosting and Bluehost are the best VPS suppliers ... most people, VPS (Virtual Private Server) is the ... many servers, each of which has the appearance ... computer,” the manager of Top10BestSEOHosting.com says. , ...
(Date:9/19/2014)... team led by Medical College of Wisconsin (MCW) scientists has ... levels in rats, mice and in humans. The findings are ... . , Leah Solberg Woods, Ph.D., associate professor of ... of Wisconsin Research Institute, led the study and is the ... paper identified a gene called Tpcn2 in which a variant ...
Breaking Medicine News(10 mins):Health News:A two generation lens: Current state policies fail to support families with young children 2Health News:Pro Ace Now Provides Heating, Air Conditioning, Plumbing & Electrical Services under One Roof 2Health News:U.S. Gun Deaths Lowest in Hawaii, Highest in D.C. 2Health News:Top10BestSEOHosting.com: JustHost is One of the Best VPS Suppliers in 2014 2
... , DALLAS, Nov. 24 The Baylor Charles ... one of the largest cancer clinical trials cooperative groups in ... Cancer Institute, Southwest Oncology Group conducts clinical trials to prevent ... of life for cancer survivors. , "Joining this prestigious group ...
... , , LAKE SUCCESS, N.Y., Nov. ... ISO certification, an international quality management standard focused ... continually improving business performance. Certification to ISO ... Quality Management System (QMS) has passed a rigorous ...
... ... inflammatory bowel disease is largely unknown, but research will be presented at the upcoming ... Conference, December 3-6 in Hollywood, Florida, that may identify a causative mutation for Crohn’s ... New ...
... , SANTA CLARA, Calif., Nov. 24 ... enterprise mobility, today announced that it was honored in the ... Mobility Router v3.0. Everything Channel,s Tech Innovator Awards celebrate ... throughout the technology channel. , Everything Channel,s Test Center reviewed ...
... , ... company pioneering clinical research of natural remedies, announced today ... want natural solutions for children,s health. A tip ... first in an ongoing "Natural Moms" series, is now ...
... may help ward off peripheral artery disease, researchers ... people aged 75 and older, the herbal supplement Ginkgo ... a new study finds. , There is some evidence ... leg-circulation problem known as peripheral artery disease, however. , ...
Cached Medicine News:Health News:Baylor Sammons Cancer Center Joins One of Nation's Largest Cancer Clinical Trials Groups 2Health News:Baylor Sammons Cancer Center Joins One of Nation's Largest Cancer Clinical Trials Groups 3Health News:IPRO Earns Third Consecutive Quality Management Certification 2Health News:Researchers Identify Possible Causative Mutation for Crohn's Disease: Crohn's & Colitis Foundation Annual Conference to Present Emerging Research 2Health News:Researchers Identify Possible Causative Mutation for Crohn's Disease: Crohn's & Colitis Foundation Annual Conference to Present Emerging Research 3Health News:Researchers Identify Possible Causative Mutation for Crohn's Disease: Crohn's & Colitis Foundation Annual Conference to Present Emerging Research 4Health News:Agito Networks Recognized in the 2009 Tech Innovators Awards Program by Everything Channel 2Health News:Agito Networks Recognized in the 2009 Tech Innovators Awards Program by Everything Channel 3Health News:Agito Networks Recognized in the 2009 Tech Innovators Awards Program by Everything Channel 4Health News:Bionorica Offers Expert Resources, Health Tips for 'Natural Moms' 2Health News:Ginkgo Won't Prevent Heart Attack, Stroke in Elderly 2Health News:Ginkgo Won't Prevent Heart Attack, Stroke in Elderly 3
Straight shafts with fine pierse type tips. Flat open serrated handle with dull finish....
Colibri style 0.1 mm Pierse tips. Flat smooth handle with dull finish....
Straight shafts with 25 degree angled 1.5 mm tips. 4 mm platform with 0.12 mm, 1 x 2 teeth. Wide serrated handle with polished finish....
Gently curved shafts with pierse tips. Round, knurled handle for finger tip rotation. Excellent for atramatic grasp of corneal flap. Made in titanium....
Medicine Products: