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Cardica Inc. Message Board

  • voxelente voxelente Jan 16, 2014 9:47 AM Flag

    Applied Medical Corp spent its ammo

    I think Applied Medical sold most of its 2.5M share war chest of Cardica stock trying to suppress the stock price after announcement of FDA clearance. Its been selling its shares in hopes of keeping Cardica shares cheap to make it harder for Cardica to raise money in a public offering, and at the same time, making it easier for Applied Medical to acquire Cardica. Now that J&J sold its blood business to Carlyle for $4B, J&J should be on the lookout for complementary acquisitions.

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