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Biotech / Medical : Biotech & Pharma.T.A,

BIB 82.74

-1.3%

Dec 26 4:00 PM EST

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To: Jibacoa who wrote (2676)	5/14/2010 2:52:29 PM
From: Jibacoa	of 3722

CRDC was up 3.9% and is still on the green up 1.46% in spite of the general market's "correction", with the DOW still holding above 10,500 <g> The stock is bouncing up from the support at the $2 level on volume of 64Ks about 1/3 its ADV bigcharts.marketwatch.com On May 4 it reported results for the 3rdQ in which it was able to trim its loss in half in spite of lower revenues.<g> During the Q it initiated animal trials for the Cardica Microcutter ES8 and they said they believe that they are on track to launch it in early 2011. This said that this line of products will include flexible and rigid shaft offerings in multiple sizes for use in a wide variety of laparoscopic or thorascopic procedures,which will provides a technological improvement for surgeons with cutting-stapling devices that are smaller, easier to use, and more flexible than existing products. Regarding their cardiac surgery business,they said they maintained a revenue rate of approximately $1M. The stock isn't off from its longer term DT coming from the Sep2008 H at $11.13 and the Oct2007 at $15.15 As previously mentioned, the ACTAY is $6 and I think I will keep a target unchanged at $3.19 <g> bigcharts.marketwatch.com Bernard

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