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Cardium Reports on Fourth Quarter and Year-End 2009 Financial Results and Recent Developments
Date:3/16/2010

lagenFX™, a professional-use fibrillar collagen gel (2.6%) for wound care management of diabetic ulcers, as well as pressure ulcers, venous ulcers, surgical and trauma wounds, second degree burns, and other types of wounds;
  • Agreement with bioRASI to advance and broaden clinical development of Cardium's Generx™ product candidate for international markets;
  • Plans to develop a DNA-based orthobiologics product portfolio based on a reformulation of the Company's Excellarate™ product candidate that will initially focus on non-union bone fractures and spinal fusions;
  • Development of MedPodium™ product line covering six advanced foot care  products for podiatry patients to complement the Excellagen platform;
  • Completion of two registered direct investments of Cardium's common stock by institutional investors in 2009 with gross proceeds totaling $10.5 million, and an offering with institutional and retail investors in 2010 for gross proceeds of $11.3 million; and
  • Retirement of outstanding corporate debt of approximately $10.75 million.

  • Sale of InnerCool Therapies to Royal Philips Electronics

    During fiscal 2009, Cardium announced the completion of the sale of its InnerCool Therapies business to Royal Philips Electronics.  The asset purchase transaction was for $11.25 million, as well as
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    SOURCE Cardium Therapeutics
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    Related medicine technology :

    1. Cardium and Tissue Repair Companys Excellarate Candidate for Healing Diabetic Wounds Gains Media Focus in Multiple Regions Across U.S.
    2. Cardiums Innercool Therapies Unit Announces Publication of Positive Effects of Early and Rapid Hypothermia Following Heart Attack
    3. Cardium Announces Appointment of Paul A. Foster, M.D. to Lead Generx and Excellarate Late-Stage Development Activities
    4. Cardium Reports on Second Quarter 2008 Highlights and Financial Results
    5. Cardiums InnerCool Announces Positive Benefits of Cooling During Robotic-Assisted Prostate Surgery Published in Urology
    6. Cardium Reports on Applicability of Corgentin to Stem Cell Therapies: Independent Studies Indicate that Ad5IGF-1 Potentiates Stem Cells to Improve Cardiac Function After Heart Attack
    7. Cardium Announces Completion of Patient Recruitment in Phase 2b Clinical Trial of Excellarate(TM) for the Potential Treatment of Diabetic Foot Ulcers
    8. Cardium Completes Initial Patient Evaluation Period for MATRIX Phase 2b Excellarate Clinical Study
    9. Cardium Reports Non-Healing Wounds Continue to Challenge Patients and Healthcare Providers
    10. Cardium Presents at Tenth Annual Wound Healing: Science and Industry Conference on Matrix Wound Healing Clinical Development
    11. Cardium Files FDA 510(k) Application for U.S. Marketing Clearance of ExcellagenXL(TM) Topical Gel and ExcellagenFX(TM) Flowable Collagen Protein-Based Matrix for Diabetic, Pressure and Venous Ulcers and Other Dermal Wounds
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