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Cardica, Inc. (CRDC) [hlAlert]

Rating:
Hold CRDC

Cardica, Inc. (CRDC) rated Hold by Needham

Posted on: Monday,  Aug 18, 2008  9:25 AM ET by Needham

Cardica (CRDC)
rated Hold by Needham.

Cardica, Inc. designs and manufactures proprietary automated anastomotic systems used by surgeons to perform coronary artery bypass graft surgery. In these surgery procedures, veins or arteries are used to construct alternative conduits to restore blood flow beyond narrowed or occluded portions of coronary arteries, bypassing the narrowed or occluded portion of the artery that is impairing blood flow to the heart muscle. Our first two products, the C-Port Distal Anastomosis System, and the PAS-Port Proximal Anastomosis System, provide cardiovascular surgeons with easy-to-use automated systems to perform consistent, rapid and reliable connections, or anastomoses, of the vessels, which surgeons generally view as the most critical aspect of the bypass procedure.

Needham & Company, LLC focuses on emerging growth companies in technology, biotechnology and life sciences. The firm's research goal is to service the needs of growth-oriented institutional clients. Needham & Company has established itself as a premier specialty investment bank providing timely and valuable analysis on companies that are under-covered by the majority of Wall Street firms.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/18/2008 9:25 AM Hold
None
9.06
as of 12/24/2008
1 Week up  10.20 %
1 Month down  -3.57 %
3 Months down  -3.57 %
1 YTD down  -22.85 %

(*) Stock Price at the time of the recommendation.
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