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Actionable news in CRDC: Cardica, Inc.,

Departure of Directors of Certain

New Chief Executive Officer

On October 2, 2015, Cardica, Inc. entered into an employment agreement with Julian Nikolchev pursuant to which Mr. Nikolchev will become Cardicas President and Chief Executive Officer, and a member of the Cardica Board of Directors, effective October 15, 2015.


r. Nikolchev, age 60, brings more than 30 years of medical device experience to Cardica. He previously served as founder, CEO and chief technology officer of Pivot Medical (now part of Stryker Sports Medicine) from 2007 to 2014, where he was responsible for directing the transition from development enterprise to a full commercial organization with the leading brand in the fastest growing orthopedic market segment. He joined Pivot Medical while serving as a venture partner at Frazier Healthcare Ventures, a venture capital firm where he was a venture partner from 2006 to 2008. Before Frazier, he served as founder, president and CEO of CardioMind (sold to Biosensors International) from 2003 to 2006, and previously as president and CEO of AVAcore Technologies from 2000 to 2003 and as founder and president of Pro*Duct Health (sold to Cytyc) from 1997 to 2000. Prior to Pro*Duct Health, he served as manager of the new venture group at Target Therapeutics from 1991 to 1992, where he subsequently founded Conceptus (sold to Bayer AG in 2014) and served as founder and chief technology officer for many years. Prior to his tenure leading medical device companies, Mr. Nikolchev served in a variety of escalating management positions within engineering organizations. He holds a B.S. and M.S. degrees in Mechanical Engineering from Stanford University and a M.S. degree in Management of Technology from the Massachusetts Institute of Technology. He is the author of numerous papers on technology commercialization and new technology development and an inventor and co-inventor on more than 35 issued or pending patents.

Pursuant to the terms of Mr...