Welcome   To track stocks & more, Financial News     Press Release Source: CardioTech International, Inc. CardioTech Announces Termination of Cartika Acquisition Tuesday June 21, 12:23 pm ET WILMINGTON, Mass., June 21 /PRNewswire-FirstCall/ -- CardioTech International, Inc. (Amex: - ) today announced that the definitive agreement (the "Asset Purchase Agreement") to acquire substantially all of the assets and assume certain liabilities of CarTika Medical, Inc. ("CarTika") has been terminated effective June 14, 2005. Michael Szycher, Ph.D., CEO and chairman of CardioTech, said: "Because of the protracted time in obtaining regulatory clearance involving the acquisition, CarTika decided to terminate the proposed acquisition. CardioTech can now focus its time and concentrate its previously committed resources to its efforts in accelerating

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