Kardium secures US $104M financing - Private Capital Journal
Summary
If it is the later, Kardiums Series D would be the longest Series of financing spanning from 2015 to 2024.Vancouver based Kardium Inc. is developer of the Globe\xae Mapping and Ablation System for the treatment of atrial fibrillation.New funding will allow Kardium to complete its PULSAR clinical study in order to obtain regulatory approvals for the Globe System, to grow the manufacturing team and capacity, and to build a clinical support and commercial team in preparation for the commercial launch of the Globe System.Kardium Announces $104M in New Financing for Innovative Atrial Fibrillation TreatmentVANCOUVER, British Columbia(BUSINESS WIRE)Kardium Inc., developer of the Globe\xae Mapping and Ablation System for the treatment of atrial fibrillation, has raised US $104 million in a new financing round. Their enthusiasm and support reflect the incredible success we have achieved with the Globe System and the tremendous potential we have to dramatically improve the treatment of atrial fibrillation for millions of patients worldwide.The new financing will allow Kardium to complete its PULSAR clinical study in order to obtain regulatory approvals for the Globe System, to grow the manufacturing team and capacity, and to build a clinical support and commercial team in preparation for the commercial launch of the Globe System.Recent clinical data presented at the Heart Rhythm Society annual meeting demonstrated impressive results with the Globe System, showing freedom from atrial arrhythmia at 1 year of 84.2% in paroxysmal AF patients and 80% in persistent AF patients.The Globe Mapping and Ablation System consists of a sophisticated catheter with a 122-electrode array and advanced software that enable rapid pulmonary vein isolation, high-definition mapping, and the ability to ablate anywhere in the atrium all with a single catheter.Kardium Inc. (kardium.com) is a rapidly growing, privately held medical solutions company that has developed an advanced system for atrial fibrillation (AF) treatment: the Globe System. Kardium has built an outstanding team, who have worked with top medical advisors to develop the Globe System. Founded in 2007 and headquartered in Vancouver, Canada, Kardium has consistently ranked as one of the top companies to work for in British Columbia.This press release may contain forward-looking statements, which reflect current expectations regarding future events. The Globe System is restricted by federal law to investigational use only, and it has not been approved or cleared for commercial distribution in any jurisdictions.