Cardica (CRDC) Completes Second MicroCutter Milestone; Will Draw Remaining $2M Century Commitment
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Price: $2.35 --0%
Financial Fact:
Income (loss) from operations: -3.84M
Today's EPS Names:
PMCB, PLCE, DOMO, More
Financial Fact:
Income (loss) from operations: -3.84M
Today's EPS Names:
PMCB, PLCE, DOMO, More
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Cardica, Inc. (Nasdaq: CRDC) reports the completion of its second MicroCutter milestone under its distribution agreement and loan commitment with Century Medical.
This allows Cardica to draw the remaining $2 million of the $4 million loan commitment from Century. Under the terms of the agreement, which was announced in September 2011, the balance of all amounts drawn by Cardica will be due in September 2016, subject to certain conditions.
This allows Cardica to draw the remaining $2 million of the $4 million loan commitment from Century. Under the terms of the agreement, which was announced in September 2011, the balance of all amounts drawn by Cardica will be due in September 2016, subject to certain conditions.
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