2003 SEP 15 - (NewsRx.com & NewsRx.net) -- Guidant Corp. (GDT) has increased its equity investment by $4 million in Cardica, Inc., a privately held developer of devices for use in coronary artery bypass surgery.
The financing follows an August 2002 initial investment of $10 million and strengthens Guidant's commitment to physicians and patients through leadership in developing minimal-access technologies for cardiac surgery.
"This investment supports Guidant's ongoing strategy of partnering with companies that are bringing forward the most innovative technologies for cardiac surgery to patients and physicians," said Maria Degois-Sainz, president, cardiac …
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