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Stock Market & Financial Investment News

News Breaks
January 22, 2013
08:13 EDTCRDCCardica completes enrollment in MAGIC trial
Cardica announced that the company has completed enrollment in the Multicenter Assessment of Grafts in Coronaries, or MAGIC, trial, its post market surveillance study for the long-term evaluation of bypass grafts completed using C-Port Distal Anastomosis Systems. Cardica's C-Port systems are automated stapling devices used to connect graft vessels during a heart bypass procedure. "The long-term evaluation of the C-Port systems is expected to provide solid data surrounding the use of this device to perform an automated anastomosis during bypass procedures," said the company.
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October 23, 2014
09:12 EDTCRDCCardica shareholder Broadfin seeks election of three directors to the Board
Cardica shareholder Broadfin Capital, beneficial owner of approximately 17.3% of the shares of Cardica, filed preliminary proxy materials with the SEC to seek the election of its three independent candidates to Cardica's Board of Directors at the upcoming Annual Shareholder Meeting on December 11. In the proxy materials, Broadfin states that "the strategic, operational and financial failures of the current Board and management of Cardica" are resulting in "the continued material destruction of shareholder value." "The Board's recent reactive addition of two new directors does not go far enough in building the strong, diverse, experienced and independent group of directors that are best positioned to lead our company."
October 22, 2014
17:33 EDTCRDCCardica issues statement regarding Broadfin board nominations
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