Cardica, Inc. designs, manufactures and markets automated anastomotic systems used by cardiac surgeons to perform coronary bypass surgery. The Company’s business also includes the development of an endoscopic microcutter intended for use by general, thoracic, gynecologic, bariatric and urologic surgeons. It is also developing a patent foramen ovale (PFO) device in collaboration with Cook Incorporated (Cook). As of June 30, 2009, the Company sold its C-Port Distal Anastomosis Systems (C-Port systems) in the United States and Europe. C-Port systems include the C-Port xA system, the C-Port Flex A system and the C-Port X-CHANGE system. It also sells its PAS-Port Proximal Anastomosis System (PAS-Port system) in the United States and in Europe, and Japan through distributors. In addition to its commercialized cardiac surgery products, the Company has commenced development of the Cardica Microcutter, a multi-fire endolinear microcutter device based on its staple-on-a-strip technology.