Profile: Cardica Inc (CRDC.OQ)
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Cardica, Inc. (Cardica), incorporated on October 15, 1997, is focused on the development of an endoscopic microcutter product line intended for use by thoracic, bariatric, colorectal and general surgeons. The first product that it is developing in its microcutter product line is the Microcutter XPRESS 30, the multi-fire endolinear microcutter device based on its staple-on-a-strip technology. In addition, the Company is developing the Microcutter XPRESS 45, a multi-fire endolinear microcutter device with a 45 millimeter staple line, the Microcutter XCHANGE 30, a cartridge based microcutter device with a 5 millimeter shaft diameter and a 30 millimeter staple line, the Microcutter FLEXCHANGE 30, a cartridge based microcutter device with a flexible shaft to facilitate endoscopic procedures requiring cutting and stapling, and the Microcutter XPRESS 60, a cutting and stapling device specifically designed for the bariatric and thoracic surgery markets.
Cardica’s C-Port Distal Anastomosis Systems (C-Port systems) are sold in the United States and Europe. The C-Port systems are used to perform a distal anastomosis, which is the connection between a bypass graft vessel and the target coronary artery. As of June 30, 2011, more than 12,100 C-Port systems had been sold in the United States and Europe. It also sells PAS-Port Proximal Anastomosis System (PAS-Port system) in the United States, Europe and Japan. The PAS-Port system is used to perform a proximal anastomosis, which is the connection of a bypass graft vessel to the aorta or other source of blood. As of June 30, 2011, more than 24,100 PAS-Port systems had been sold in the United States, Europe and Japan. The Company designs, manufactures and markets automated anastomotic systems used by surgeons to perform anastomoses during on- or off-pump coronary artery bypass grafting (CABG) procedures. It markets four products to perform anastomoses, the C-Port xA system, the C-Port Flex A system, the C-Port X-CHANGE system and the PAS-Port system.
Microcutter XPRESS Product Family
The Microcutter XPRESS name refers to the group of microcutter products. This product is in 30, 45, and 60 millimeters staple line lengths, with either an 8 or 10 millimeters rigid shaft and articulation up to 60 degrees.
Microcutter XCHANGE Product Family
The Microcutter XCHANGE name refers to the group of cartridge based microcutter products with rigid shafts that also include its staple-on-a-strip technology. The Microcutter XCHANGE 45 and Microcutter XCHANGE 60, with 45 millimeters and 60 millimeters staple line lengths, respectively provides cartridge based capability when multi-fire capability is not required.
Microcutter FLEXCHANGE Product Family
The Microcutter FLEXCHANGE name refers to the group of cartridge based microcutter products. It has flexible shafts that also include its staple-on-a-strip technology.
C-Port xA Anastomosis System
The Company’s C-Port xA Distal Anastomosis System, which may be used in either on- or off-pump CABG procedures, is designed to perform an end-to-side distal anastomosis by attaching the end of a bypass graft to a coronary artery downstream of an occlusion or narrowing. The C-Port xA system is inserted in a small incision in the coronary artery with a bypass graft vessel attached to the device. The C-Port xA system is actuated by depressing a trigger, which activates a manifold powered by a cylinder of compressed carbon dioxide. After deployment, the C-Port system is removed from the coronary artery and the entry incision is closed typically with a single stitch. Its C-Port xA system is effective in creating compliant anastomoses in vessels as small as 1.3 millimeters in internal diameter. The C-Port xA system performs an end-to-side anastomosis without interruption of native coronary blood flow. It achieves nearly complete alignment of the natural blood lining surfaces of the coronary artery and the bypass graft to minimize scarring and potential occlusion of the anastomosis. It minimizes the amount of foreign material in the blood stream that may cause clotting and subsequent graft failure and suitable for all grafts typically used in CABG procedures with wall thicknesses of less than or equal to 1.4 millimeters.
C-Port Flex A Anastomosis System
The C-Port Flex A system includes modifications to the C-Port xA system that are designed to enable automated anastomoses to be performed as part of minimally invasive and robot-facilitated CABG procedures. The C-Port Flex A system includes all of the features and benefits of the C-Port xA system and has a flexible, rather than rigid, shaft. The flexible shaft is designed to allow the working end of the device that creates the anastomosis to be inserted through a 14-millimeters diameter port to access the chest cavity and heart. The device is designed to be loaded with the bypass graft vessel inside or outside the chest cavity and deployed to create the anastomosis to the coronary artery. This product is designed to enable technology for completion of robotically assisted, including endoscopic, CABG surgery through four or five relatively small incisions between the ribs. Avoiding both the incision through the sternum and the use of the pump should significantly reduce patient trauma and accelerate post-operative recovery.
C-Port X-CHANGE System
The C-Port X-CHANGE system is a cartridge-based reloadable C-Port system. The C-Port X-CHANGE system includes modifications to the C-Port xA system that are designed to enable multiple automated anastomoses to be performed using the same handle with up to three separate cartridges.
PAS-Port Proximal Anastomosis System
Cardica’s PAS-Port system is a fully automated device used to perform an end-to-side proximal anastomosis between a saphenous vein and the aorta. To complete a proximal anastomosis, the cardiac surgeon simply loads the bypass graft vessel into the PAS-Port system, places the end of the delivery device against the aorta and turns the knob on the opposite end of the delivery tool. The device first creates an opening in the aorta and subsequently securely attaches the bypass graft to the aortic wall, using a medical grade stainless steel implant that is formed into its final shape by the delivery tool. The design of the PAS-Port system allows the surgeon to load the bypass graft and complete the anastomosis in approximately three minutes, with little or no injury to the bypass graft vessel or the aorta.
The Company competes with Ethicon Endo-Surgery, Covidien, Stryker Endoscopy, Olympus, Gyrus Medical, Power Medical, Maquet Cardiovascular LLC, Edwards Lifesciences Corporation, Johnson & Johnson, Inc., Abbott Laboratories, Guidant Corporation, Medtronic, Inc. and St. Jude Medical.
Company Address
Cardica Inc
900 Saginaw Drive
REDWOOD CITY CA 94063
P: +1650.3649975
F: +1650.3643134
Company Web Links
| Name | Compensation |
|---|---|
Kevin Larkin |
-- |
Bernard Hausen |
481,930 |
Robert Newell |
308,899 |
Frederick Bauer |
393,175 |
Christopher Littel |
-- |

