Cardica, Inc. (Cardica) is focused on the development of an endoscopic microcutter product line intended for use by thoracic, bariatric, colorectal and general surgeons. The first product that it is developing in its microcutter product line is the Microcutter XPRESS 30, the multi-fire endolinear microcutter device based on its staple-on-a-strip technology. In addition, the Company is developing the Microcutter XPRESS 45, a multi-fire endolinear microcutter device with a 45 millimeter staple line, the Microcutter XCHANGE 30, a cartridge based microcutter device with a 5 millimeter shaft diameter and a 30 millimeter staple line, the Microcutter FLEXCHANGE 30, a cartridge based microcutter device with a flexible shaft to facilitate endoscopic procedures requiring cutting and stapling, and the Microcutter XPRESS 60, a cutting and stapling device specifically designed for the bariatric and thoracic surgery markets.