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Cardica Receives Key Patent for Microcutter™ Surgical Cutting and Stapling Device
Date:4/6/2011

in Cardica's proposed Microcutter product line, including the Cardica Microcutter XPRESS™ 30, and the timing thereof. Any statements contained in this press release that are not historical facts may be deemed to be forward-looking statements. The words "expect," "intend," "anticipated," "planned" 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 that Cardica may not be successful in its efforts to complete the design verification necessary for first-in-man use of the Cardica Microcutter XPRESS™ 30 and initiate such use on the anticipated time frame; that Cardica may not be successful in its efforts to develop the Cardica Microcutter XPRESS™ 30 or any other microcutter products and to expand its product portfolio; that the Microcutter XPRESS™ 30 may not be subject to a 510(k) rather than longer Premarket Approval application process or otherwise may not obtain U.S. regulatory approval on Cardica's anticipated timeline, if at all; that Cardica's current and any future products may never gain any significant degree of market acceptance; that any future Cardica products face development, regulatory, reimbursement and manufacturing risks; that Cardica's intellectual property rights may not provide adequate protection; that Cardica's sales, marketing and distribution strategy and capabilities may not be sufficient or successful; and that general business and economic conditions may impair Cardica's ability to market and develop products, as well as other risks detailed from time to time in Cardica's reports filed with the U.S. Securities and Exchange Commission, including its Quarterly Report on Form 10-Q for the fiscal quarter ended December 31, 2010. Cardica expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any
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4. Cardica Announces Fiscal 2010 First Quarter Financial Results and Business Progress
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