other material
confidence high
sentiment positive
materiality 0.75
Adagio Medical obtains CE Mark for VT catheter, closes business combination with $35M pro forma cash
Adagio Medical Holdings, Inc.
- CE Mark approval and commercial launch of vCLAS catheter for ventricular tachycardia in select European markets.
- FDA approved FULCRUM-VT pivotal IDE study for VT cryoablation system; patient enrollment starts September 2024.
- Closed business combination with ARYA Sciences Acquisition Corp; shares listed on Nasdaq under ADGM on Aug 1, 2024.
- Raised approx. $84.2M from trust, PIPE, and convertible financing; pro forma cash ~$35M after transaction costs.