Cardica expands deal with Cook Medical
Cardica, Inc. (Nasdaq: CRDC) announced it has expanded its agreement with Cook Medical. The development deal will pay Redwood City, Calif.-based Cardica $750,000 for development of additional vascular-closure device products.
On June 19, Cardica announced it entered into a $0.9 million deal with Cook Medical, with an additional $2.7 million in milestone payments available.
In pre-market trading, CRDC shares are up 5.57%, or $0.51, at $9.66. Over the last 52 weeks, shares have ranged from $3.84 to $12.04.
