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.
THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY!
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