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Cardica lays of 24% of workforce

March 27, 2015 by Brad Perriello

Cardica says it will lay off about 24% of its workforce in a bid to conserve cash as it tries to get its MicroCutter Xchange 30 surgical stapler on the U.S. market.

Cardica lays of 24% of workforce

Cardica (NSDQ:CRDC) this week said it's laying off nearly quarter of its workforce in a bid to conserve cash as it tries to get its MicroCutter Xchange 30 surgical stapler off the ground.

DexCom elevates COO Sayer, Gregg to chairman | Personnel Moves

January 9, 2015 by Brad Perriello

DexCom promotes COO Kevin Sayer to the CEO role and makes former chief executive Terry Gregg its executive chairman.

DexCom elevates COO Sayer, Gregg to chairman | Personnel Moves

Cardica plunges after pulling MicroCutter Xchange 30 stapler

November 19, 2014 by Val Kennedy

Cardica shares plunge after it suspends the launch of its MicroCutter Xchange 30 surgical stapler so it can focus on improving the product, a move that may also result in a realignment of its operations.

Cardica plunges after pulling MicroCutter Xchange 30 stapler

Cardica hopes to raise $44M in public offering

April 17, 2014 by Arezu Sarvestani

California surgical devices maker Cardica details a public offering of common and preferred stock aimed at raising $43.9 million to support U.S. sales and marketing efforts.

Cardica hopes to raise $44M in public offering

Cardica unveiled the details of an upcoming public offering of stock, aimed at raising $43.9 million to support commercial efforts for the company's MicroCutter XCHANGE 30 minimally invasive stapling system.

Cardica files for FDA clearance for MicroCutter device

August 16, 2013 by Sony Salzman

Cardica files for 510(k) clearance from the FDA for its MicroCutter Xchange 30 surgical stapling and cutting device.

Cardica hands in pre-market application for MicroCutter

Redwood City, Calif.-based Cardica (NSDQ:CRDC) said it filed for 510(k) clearance from the FDA for its surgical device.

Cardica shoots for Japanese approval

August 13, 2013 by Sony Salzman

Cardica and distribution partner Century Medical submit an application to Japanese regulators for Cardica's MicroCutter Xchange 30 cutting and stapling cartridges.

Cardica shoots for Japanese approval

Cardica (NSDQ:CRDC) and its distribution partner Century Medical are shooting for Japanese regulatory approval for the stapling cartridge components of Cardica's MicroCutter Xchange surgical device.

Losses widen in Cardica's 4th quarter

August 7, 2013 by Sony Salzman

During its 4th quarter Cardica tacked an additional $300,000 in losses to its bottom line, but managed to beat per-share earnings expectations by 1 cent.

Static losses for Cardica in the 4th quarter

Cardica (NSDQ:CRDC) fell further into the red with a 7% increase in 4th quarter losses compared to the same time last year, as well as an almost 20% increase in losses for the full year.