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Cardica, Inc. (CRDC) [hlAlert]

Rating:
Hold CRDC

Cardica, Inc. (CRDC) rated Hold by Lazard Capital Mkts

Posted on: Monday,  Apr 13, 2009  8:25 AM ET by Lazard Capital Mkts

Cardica (CRDC) rated
Hold by Lazard Capital Mkts.

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.

Lazard Capital Markets’ research team is broadly recognized for its insight, thoroughness, and objectivity. Lazard Capital Markets’ goal is to help our clients make the best-informed decisions by providing timely, thoughtful analysis as well as access to company management teams and industry thought leaders. Lazard Capital Markets’ industry-focused analysts strive to identify emerging sector trends as well as bottom-up fundamental issues affecting their stocks under coverage. We add value by conducting extensive primary survey work, hosting proprietary events, cultivating industry contacts, and participating in relevant industry conferences.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/13/2009 8:25 AM Hold
None
2.91
as of 12/24/2008
1 Week   
1 Month   
3 Months   
1 YTD down  -7.21 %

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