Thursday, September 8, 2011

Cardica inks distribution deal in Japan, gets $4M loan

Medical device maker Cardica Inc. signed a deal to distribute one of its products in Japan and got a $4 million loan from the distributor.
Redwood City-based Cardica (NASDAQ: CRDC) made the five-year deal Sept. 2 with Century Medical Inc., which already distributes one of its devices in Japan.

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