-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, OocSKg7wRJcwHM1skGNLZmzvYPMNUooNAyQeNn1ginMo0GcsqzbTTGF8vOZmbNZM p2dcQxRM26GrDsgOX7q8LA== 0000950134-06-002027.txt : 20060207 0000950134-06-002027.hdr.sgml : 20060207 20060207141135 ACCESSION NUMBER: 0000950134-06-002027 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20060206 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20060207 DATE AS OF CHANGE: 20060207 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CARDICA INC CENTRAL INDEX KEY: 0001178104 STANDARD INDUSTRIAL CLASSIFICATION: SURGICAL & MEDICAL INSTRUMENTS & APPARATUS [3841] IRS NUMBER: 943287832 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-51772 FILM NUMBER: 06584990 BUSINESS ADDRESS: STREET 1: 900 SAGINAW DRIVE CITY: REDWOOD CITY STATE: CA ZIP: 94063 BUSINESS PHONE: 650-364-9975 MAIL ADDRESS: STREET 1: 900 SAGINAW DRIVE CITY: REDWOOD CITY STATE: CA ZIP: 94063 8-K 1 f17057e8vk.htm FORM 8-K e8vk
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) February 6, 2006
Cardica, Inc.
 
(Exact name of registrant as specified in its charter)
         
Delaware   000-51772   94-3287832
 
(State or other jurisdiction   (Commission   (IRS Employer
of incorporation)   File Number)   Identification No.)
     
900 Saginaw Drive, Redwood City, CA   94063
 
(Address of principal executive offices)   (Zip Code)
Registrant’s telephone number, including area code: (650) 364-9975
 
 
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
o   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
o   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
o   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
o   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 

 


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Item 8.01 Other Events.
Item 9.01 Financial Statements and Exhibits.
SIGNATURES
Exhibit Index
EXHIBIT 99.1


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Item 8.01 Other Events.
     On February 6, 2006, Cardica, Inc. filed Post-Effective Amendment No. 1 to Registration 333-129497 to update certain information in its final prospectus filed pursuant to Rule 424(b)(4) on February 2, 2006, to Registration 333-129497, contained under the headings “Risk Factors — Risks Related to Our Business” and “Business — Patents and Intellectual Property”, to provide an updated Report of Independent Registered Public Accounting Firm, and to separate a portion of Note 13 to the financial statements contained therein (Subsequent Events) into a new Note 14 to the financial statements contained therein (Subsequent Event — Potential Patent Interference).
     A copy of the press release further describing the matters referred to in Post-Effective Amendment No. 1 is attached as Exhibit 99.1 to this report and incorporated herein by reference. Neither the filing of any press release as an exhibit to this Current Report on Form 8-K nor the inclusion in that press release of our Internet address shall, under any circumstances, be deemed to incorporate the information available at our Internet address into this Current Report on Form 8-K. The information available at our Internet address is not part of this Current Report on Form 8-K or any other report filed by us with the Securities and Exchange Commission.
Item 9.01 Financial Statements and Exhibits.
(c) Exhibits
     
Exhibit    
Number   Description
99.1
  Press Release titled “Cardica Files Post-Effective Amendment”, dated February 7, 2006.

 


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SIGNATURES
     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
     
 
  Cardica, Inc.
 
  (Registrant)
 
   
Date: February 7, 2006
   
 
  /s/ Robert Y. Newell
 
 
 
Robert Y. Newell, Chief Financial Officer

 


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Exhibit Index
     
Exhibit    
Number   Description
99.1
  Press Release titled “Cardica Files Post-Effective Amendment”, dated February 7, 2006.

 

EX-99.1 2 f17057exv99w1.htm EXHIBIT 99.1 exv99w1
 

Exhibit 99.1
Cardica, Inc. Files Post-Effective Amendment
REDWOOD CITY, Calif. – February 7, 2006 – Cardica, Inc. (Nasdaq: CRDC) today announced the filing with the Securities and Exchange Commission on February 6, 2006 of a Post-Effective Amendment to Registration Statement on Form S-1 No. 333-129497 (the “Registration Statement”), which updates certain information in the prospectus filed pursuant to Rule 424(b)(4) on February 2, 2006, to the Registration Statement contained under the headings “Risk Factors – Risks Related to Our Business,” “Business – Patents and Intellectual Property” and “Financial Statements”.
The prospectus filed February 2, 2006 contained disclosure in the Risk Factors, the Business section, and in a subsequent event footnote to the financial statements regarding a pending action to provoke an interference related to one of Cardica’s patents. Cardica learned on February 3, 2006 after close of market, that the information related to this matter had changed sometime between February 1, 2006 and February 3, 2006. In light of the new information, Cardica has provided the updated information by means of the Post-Effective Amendment.
The facts related to this matter, as known to Cardica as of February 6, 2006, are as follows:
    On October 28, 2005, we received a letter from Integrated Vascular Interventional Technologies, Inc., referred to as IVIT, advising Cardica for the first time of IVIT’s effort to provoke an interference in the U.S. Patent and Trademark Office between one of IVIT’s patent applications (serial no. 10/243,543) and a patent currently held by Cardica (U.S. patent no. 6,391,038) relating to the C-Port system. Cardica also learned on that date that IVIT is attempting to provoke an interference in the U.S. Patent and Trademark Office between another of its U.S. patent applications (serial no. 10/706,245) and another of Cardica’s issued patents (U.S. Patent No. 6,478,804). IVIT made no specific demands in the letter, but alleges that it had an indication of an allowed claim and that it expected to receive a declaration of interference regarding that claim, and states that it would be “strategically beneficial” for Cardica to discuss this matter prior to receiving a declaration of interference.
    On February 3, 2006, Cardica found an entry on the U.S. Patent and Trademark Office website dated February 1, 2006 stating that an interference initial memorandum had been entered in IVIT’s U.S. Patent Application Serial No. 10/243,543.
Cardica continues to believe, after conferring with intellectual property counsel, in light of this recent development, if at some time in the future, the Patent Appeals Board declares an interference, that IVIT would be unlikely to succeed in an interference. Cardica will vigorously defend its patents against such claims of interference, although there can be no assurance that we will succeed in doing so. Cardica further believes that if IVIT’s patent claims are allowed in their present form, its products would not infringe such claims. There can be no assurance that IVIT’s patent claims, if allowed, will be in their present form, or that Cardica’s products would not be found to infringe such claims or any other claims that are issued.
About Interference Proceedings
An interference is a proceeding within the U.S. Patent and Trademark Office to determine priority of invention of the subject matter of patent claims. The decision to declare an interference is solely within the power of the Board of Patent Appeals and Interferences of the U.S. Patent and Trademark Office, or the Patent Appeals Board, and can be made only after claims in a patent application are deemed allowable by the examiner but for the interfering subject matter (in this case Cardica’s issued patents) and a determination is made that interfering subject matter exists.
An interference initial memorandum is prepared by an examiner when the examiner believes that at least one pending claim is allowable but for the interfering subject matter (in this case Cardica’s issued patents) and an interference is appropriate. The interference initial memorandum is forwarded to the Patent Appeals Board to determine whether an interference is or is not appropriate. If an interference is appropriate the Patent Appeals Board will issue a declaration of interference within a matter of months or years from the date of the initial interference memorandum. The declaration of interference initiates an adversarial proceeding in the U.S. Patent and Trademark Office before Patent Appeals Board. That proceeding would involve issues including but not limited to, whether an

 


 

interference proceeding is appropriate, whether the involved claims of the parties are patentable and which party was first to invent the interfering subject matter.
About Cardica
Cardica, Inc. designs and manufactures proprietary automated anastomotic systems used by surgeons to perform coronary artery bypass graft (CABG) surgery. Cardica’s first two products are the C-Port(R) Distal Anastomosis System (C-Port) and the PAS-Port(R) Proximal Anastomosis System (PAS-Port). Our C-Port system received the European Union’s CE Mark in April 2004 and 510(k) clearance from the U.S. Food and Drug Administration in November 2005. Our PAS-Port system received the CE Mark in March 2003 and regulatory approval in Japan in January 2004.
Note Regarding Forward Looking Statements
Statements contained in this press release that are not historical facts, including information about management’s view of the likelihood that IVIT would succeed in provoking an interference, the likelihood IVIT would succeed in any interference proceeding, whether Cardica’s technology does or may be deemed to infringe that of IVIT, whether Cardica will defend its patents, and other matters, constitute forward-looking statements. The words “believe,” “expect,” “intend” and “will” or similar expressions are intended to identify forward-looking statements. Actual results may differ materially from historical results or those indicated by these forward-looking statements as a result of a variety of factors including, but not limited to, risks and uncertainties associated with the process and timing involved in provoking an interference, whether the U.S. Patent and Trademark Office would concur with Cardica’s view that an interference is unlikely to succeed and that its technology does not infringe that of IVIT, and other risks and uncertainties described in the Post-Effective Amendment. You are encouraged to read the Company’s filings with the U.S. Securities and Exchange Commission, available at www.sec.gov.
###
Contacts:
Robert Y. Newell
Vice President, Finance & Operations, Chief Financial Officer
650-331-7166
investors@cardica.com
Daryl Messinger
WeissComm Partners, Inc.
415-999-2361
daryl@weisscommpartners.com

 

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