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SurModics Inc. (NASDAQ:SRDX) a leading provider of drug delivery and surface modification technologies to the healthcare industry, announced that Gary R. Maharaj has been named President and Chief Executive Officer, effective December 27, 2010. Mr. Maharaj will also serve as a member of SurModics’ Board of Directors. Mr.
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Cathay General Bancorp (NASDAQ:CATY), the holding company for Cathay Bank, recently announced results for the third quarter of 2010. Improved profitability – Third quarter net income was $17.3 million compared to net income of $1.9 million in the second quarter of 2010 and compared to a net loss of $17.7 million in the same quarter a year ago.