Company: Cardica Inc, CRDC

Price: 2.29

Change: +37.95%

Volume: 1.5M

The company on Tuesday said it sold the worldwide rights to its intellectual property related to tissue cutting, stapling and clip appliers to Intuitive Surgical Inc (ISRG) for use in robotics.

Cardica, Inc. designs and manufactures medical devices for cardiac and other surgical procedures based on its proprietary stapling and cutting technology. It designs and manufactures its automated anastomosis product line, the C-Port Distal Anastomosis systems and PAS-Port Proximal Anastomosis system to automate the joining of blood vessels for the coronary artery bypass graft (CABG) surgery market.

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Tags: automated anastomosis, CABG, Cardica Inc, coronary artery bypass graft surgery, CRDC, Intuitive Surgical Inc, ISRG, medical devices for cardiac, stapling and clip appliers, stock alert, surgical procedures, tissue cutting

This entry was posted on Wednesday, August 18th, 2010 at 8:48 am and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.