Cardica Advances On Licensing Deal With ISRG

Shares of Cardica Inc (NASDAQ: CRDC) are gaining after the company signed a licensing deal with Intuitive Surgical Inc (NASDAQ: ISRG).

CRDC’s shares jumped 45.78% to $2.42 at 9:48 am.

Cardica’s shares have lost 6.74% over the last week, while moving up 43.10% so far this year.

Read more from Benzinga's Company news.

(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.