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February 27, 2014
08:07 EDTCRDCCardica receives 510k clearance for MicroCutter XCHANGE
Cardica announced it received 510k clearance from the FDA for its MicroCutter XCHANGE 30 white cartridge for the stapling of thin tissue for use in multiple open or minimally-invasive surgical procedures for the transection, resection and/or creation of anastomoses in small and large intestine, as well as the transection of the appendix. In addition, Cardica obtained 510k clearance for an additional plastic material contained within the MicroCutter XCHANGE 30 blue cartridge for use in medium thickness tissue. This material was submitted as a Special Premarket Notification 510k for the MicroCutter XCHANGE 30 device, which received FDA clearance in January 2014. With these clearances received Cardica does not have any other submissions pending at the FDA.
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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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