Cardica ( CRDC ) FDA Approval for Surgical System 9/09/09 - CRDC Stock on Fire!

This morning Cardica ( CRDC ) has come out and announced they have received FDA approval for their Pas-Port surgical system:

Surgical systems maker Cardica Inc. said Tuesday the Food and Drug Administration approved its PAS-Port system for use in cardiac bypass surgery.

The system creates a secure connection between the body's main artery and vein grafts. Cardiac bypass surgeries are used to bypass part of a damaged or blocked artery in an attempt to restore blood flow.

The PAS-Port system is fully automated, the company said can complete a connection in about one minute.

CRDC stock is soaring to $10.80 up 35%......Note that ISRG uses some of their devices for surgery