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Cardium Reports on Second Quarter 2008 Highlights and Financial Results
Date:8/11/2008

SAN DIEGO, Aug. 11 /PRNewswire-FirstCall/ -- Cardium Therapeutics (Amex: CXM) today reported recent highlights and developments, as well as financial results for its second quarter ended June 30, 2008.
(Logo: http://www.newscom.com/cgi-bin/prnh/20051018/CARDIUMLOGO)

Highlights and Recent Developments

-- Announcement of CE mark approval and Underwriters Laboratories, Inc. (UL) certification for the new RapidBlue endovascular temperature modulation system. The CE mark will allow InnerCool to begin marketing the Rapid Blue system in Europe and many other countries that recognize the certification. InnerCool expects to begin selling the RapidBlue System through its established distribution network in the third quarter. As previously reported, InnerCool's RapidBlue System is currently completing review for FDA 510(k) clearance.

-- Ongoing patient recruitment for the Company's Phase 2b Excellarate MATRIX clinical trial. The MATRIX Study website at http://www.diabeticfootstudy.com was developed to provide patients, caregivers and physicians with information about the study. The MATRIX clinical trial is evaluating the safety and efficacy of Excellarate for the potential treatment of non-healing diabetic foot ulcers and is expected to enroll up to approximately 210 patients at up to 40 U.S. sites. The study has also been the focus of media attention in multiple regions across the U.S. To view television video clips and newspaper articles, please visit http://www.cardiumthx.com/flash/videos
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SOURCE Cardium Therapeutics
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