Cardica (CRDC) Reports In-Line Q1 EPS

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Cardica Appoints Thomas J. Palermo As Chief Operating Officer

November 5, 2015 4:07 PM EST

REDWOOD CITY, Calif., Nov. 5, 2015 /PRNewswire/ -- Cardica, Inc. (Nasdaq: CRDC) today announced that Thomas J. Palermo will join the company November 16 as chief operating officer, responsible for all aspects of research and development, operations and regulatory affairs, reporting to Julian Nikolchev, president and CEO of Cardica..

"Over the course of the last nine months, Tom has directed the changes to the MicroCutter XCHANGE® 30 device as a consultant, and we are extremely pleased to welcome him to the executive team," said Julian Nikolchev, president and CEO of Cardica. "Tom brings... More

Cardica Announces Fiscal 2016 First Quarter Financial Results And Business Progress

November 5, 2015 4:05 PM EST

REDWOOD CITY, Calif., Nov. 5, 2015 /PRNewswire/ -- Cardica, Inc. (Nasdaq: CRDC) today announced financial results for its fiscal first quarter ended September 30, 2015. Cardica's management will hold a conference call at 4:30 p.m. Eastern Time to discuss the financial results and provide an update on the company's business.

"Cardica's MicroCutter employs an elegant and sophisticated technology that allows surgeons to operate in tight spaces with a large degree of articulation," said Julian Nikolchev, president and CEO of Cardica. "In talking to surgeons both current and potential customers there is... More