BUZZ-BioCardia surges as US FDA clears heart device

Reuters08-29

** Shares of cell therapy developer BioCardia more than doubles to $4.42 premarket

** Company says the U.S. FDA has cleared its device used in heart procedures

** The device, called a Morph DNA Steerable Introducer, is designed to provide a pathway to introduce medical instruments such as catheters into the heart - BCDA

** The clearance covers 16 products in the category of devices - BCDA

** If gains hold, stock set to erase YTD losses of ~78%

(Reporting by Mariam Sunny in Bengaluru)

((Mariam.ESunny@thomsonreuters.com;))

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