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Adagio Medical and ARYA IV Partner to Create a Publicly Traded Company Focused on Innovative Technologies for Treatment of Cardiac Arrhythmias

Jul 31, 2024

Contract Type

partnership

Laguna HillsBiotechnologyHealthcareHealth CareMedicalMedical Device

Description

Adagio Medical announced the completion of its business combination with ARYA IV, resulting in the creation of a publicly traded company focused on innovative technologies for the treatment of cardiac arrhythmias. The business combination was approved by the shareholders and the combined company raised approximately $84.2 million in financing.

Company Information

Company

Adagio Medical

Location

26051 MERIT CIRCLE

Laguna Hills, California, United States

About

Adagio Medical Holdings, Inc. (Nasdaq: ADGM) is a medical device company focused on developing and commercializing products for the treatment of cardiac arrhythmias utilizing its novel, proprietary, catheter-based Ultra-Low Temperature Cryoablation (ULTC) technology. ULTC is designed to create large, durable lesions extending through the depth of both diseased and healthy cardiac tissue. The Company is currently focused on the treatment of ventricular tachycardia (VT) with its purpose-built vCLASTM Cryoablation System which is CE Marked and is currently under evaluation in the Company’s FULCRUM-VT U.S. IDE Pivotal Study.

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What this usually means
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies

Adagio Medical signed a new agreement. Fundz surfaces partnerships and contracts as they are announced.

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