QIA invests in Canada-based HealthTech firm Kardium

Canada's Kardium just pulled in a cool USD 250 million to speed its fight against atrial fibrillation (AF). The Qatar Investment Authority (QIA) led the charge, with heavy-hitters like Janus Henderson and T. Rowe Price piling in. As Kardium's CEO Kevin Chaplin put it, "We're thrilled to have secured this transformational financing with a world-class syndicate of investors."

How does it work?

At the heart of Kardium's push is the Globe Pulsed Field System:

  • One catheter, 122 tiny electrodes.
  • It slips into the atrium, maps the heart in high-def, then zaps rogue tissue fast-isolating pulmonary veins and letting doctors ablate anywhere they fancy, all without swapping tools.
  • Smart software steers the energy so nearby tissue stays safe. Think surgical strike, not carpet-bombing.

Why does it matter?

Atrial fibrillation trips up the heartbeats of millions and raises stroke risk five-fold. Current fixes can be slow, hit-or-miss, and rough on healthy cells.

In the pivotal PULSAR trial the Globe System kept 78 % of paroxysmal-AF patients free of arrhythmia at one year-with zero device-related safety events.

Chaplin says the fresh cash means "Everyone at Kardium is energized by the opportunity to bring the Globe System to market and help improve the lives of millions." That's not hype; it's hard numbers singing.

The context

New backers include MM Capital, Piper Heartland, Eventide, Eckuity, plus an undisclosed strategic giant.

The money will be used to:

  • Scale manufacturing-bigger lines, steadier output.
  • Build a field team to guide doctors once sales go live later this year.
  • Push for approvals on both sides of the Atlantic.

AF is the most common heart rhythm glitch worldwide. A faster, safer fix could peel off a sizable chunk of an ablation market heading toward USD 10 billion.

In short, deep pockets now fuel a sleek bit of kit that might let cardiologists tame a stubborn heartbeat with the grace of a maestro's baton.

source

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