Cardica, Inc. To Announce Fiscal 2006 Third Quarter Financial Results And Host Conference Call On Thursday, April 27, 2006

REDWOOD CITY, Calif., April 20 /PRNewswire-FirstCall/ -- Cardica, Inc. today announced that it will announce financial results for its fiscal 2006 third quarter and nine months ended March 31, 2006 on Thursday, April 27, 2006 after the markets close, and will hold a conference call at 4:30 p.m. Eastern Time.

Conference Call Details

To access the live conference call on April 27, 2006 at 4:30 p.m. Eastern Time via phone, please dial (800) 901-5218 from the United States and Canada or (617) 786-4511 internationally. The conference ID is 66435229. Please dial in approximately ten minutes prior to the start of the call. A telephone replay will be available beginning approximately one hour after the call through May 4, 2006 and may be accessed by dialing (888) 286-8010 from the United States and Canada or (617) 801-6888 internationally. The replay passcode is 53050621.

To access the live and subsequently archived webcast of the conference call, go to the Investor Relations section of the Company's website at www.cardica.com. Please connect to the web site at least 15 minutes prior to the call to allow for any software download that may be necessary.

The webcast is also being distributed through the Thomson StreetEvents Network. Individual investors can listen to the call at www.earnings.com, Thomson's individual investor portal, powered by StreetEvents. Institutional investors can access the call via Thomson StreetEvents (www.streetevents.com), a password-protected event management site.

About Cardica, Inc.

Cardica designs and manufactures automated anastomotic systems for coronary artery bypass graft (CABG) surgery. By replacing hand-sewn sutures with easy-to-use automated systems, Cardica provides cardiovascular surgeons with rapid, reliable and consistently reproducible anastomoses, or connections of blood vessels, the most critical aspect of the CABG procedure.

The C-Port(R) Distal Anastomosis System is marketed in Europe and received 510(K) clearance from the U.S. Food and Drug Administration in November 2005. The PAS-Port(R) Proximal Anastomosis System is marketed in Europe and Japan. Cardica also is developing additional devices to facilitate vascular and other surgical procedures. Go to www.cardica.com for more information.

Cardica, Inc.

CONTACT: Bob Newell, Vice President, Finance and Operations, ChiefFinancial Officer, of Cardica, Inc., +1-650-331-7166,investors@cardica.com; or Daryl Messinger of WeissComm Partners, Inc.,+1-415-999-2361, daryl@weisscommpartners.com, for Cardica, Inc.

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