Note 10 - Subsequent Event

3 Months Ended

Sep. 30, 2015

Notes to Financial Statements

Subsequent Events [Text Block]

NOTE

10

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SUBSEQUENT EVENT

On November 5, 2015, the Company announced that Thomas J. Palermo will join the company on November 16, 2015, as chief operating officer, responsible for all aspects of research and development, operations and regulatory affairs, reporting to Julian Nikolchev, president and CEO of Cardica. On October 5, 2015, the Company announced the appointment of Julian Nikolchev as president, chief executive officer and a member of the Cardica board of directors, effective October 15, 2015. Mr. Nikolchev succeeds Bernard A. Hausen, M.D., Ph.D., who cofounded Cardica and served as president and chief executive officer since 2000 and who announced that he was stepping down from his positions in August 2015.