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Adagio Closes $42.5M Financing To Develop Ablation Technologies

 
• By Reed Miller

The series E financing will support the ongoing US trial of Adagio’s iCLAS cardiac cryoablation system and development of Adagio's pulsed field cryoablation technology while the company continues to commercialize iCLAS outside the US.

Venture Capital Concept on the Mechanism of Metal Gears.
• Source: shutterstock.com

Southern California-based cardiac ablation technology developer Adagio Medical, Inc. closed a $42.5m series E equity financing on 12 November.

The new funds will support the ongoing investigational device exemption (IDE) trial of Adagio’s intelligent continuous lesion ablation cryoablation system (iCLAS) for treating persistent atrial fibrillation. The investment will...

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