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National Post
an hour ago
- National Post
Kardium Announces $250M (CA$340M) Financing to Launch Innovative Atrial Fibrillation Treatment
Article content VANCOUVER, British Columbia — Kardium Inc., the developer of the Globe ® Pulsed Field System – an innovative treatment for atrial fibrillation (AF) – has raised US$250 million in a new financing round. Article content Article content The oversubscribed round was led by new investors including Janus Henderson Investors, Qatar Investment Authority (QIA), MMCAP, Piper Heartland Healthcare Capital, Eventide Asset Management, and Eckuity Capital. Existing investors also participated, including funds and accounts advised by T. Rowe Price Associates, Inc., T. Rowe Price Investment Management, Inc., and Durable Capital Partners LP. The financing also includes an equity investment from a leading strategic investor. Article content 'We're thrilled to have secured this transformational financing with a world-class syndicate of investors,' said Kevin Chaplin, CEO of Kardium. 'This funding enables us to move ahead with the commercial launch of the Globe System by expanding our manufacturing capabilities and building a strong commercial team. Everyone at Kardium is energized by the opportunity to bring the Globe System to market and help improve the lives of millions of patients worldwide suffering from atrial fibrillation.' Article content 'We are delighted to join Kardium as an investor,' said Aaron Schaechterle, Portfolio Manager at Janus Henderson Investors. 'The Globe System is a disruptive innovation with exemplary clinical outcomes that has the potential to improve the lives of patients with atrial fibrillation. This is a pivotal moment in the evolution of AF treatment, as the field transitions toward pulsed field ablation, and we are proud to help support the introduction of Kardium's groundbreaking technology to the market.' Article content Impressive clinical data from the pivotal PULSAR clinical study of the Globe System was recently presented at the 2025 Heart Rhythm Society annual meeting. This data demonstrated remarkable results with the Globe System, showing freedom from atrial arrhythmia at 1 year of 78% in paroxysmal AF patients, with 0% device-related primary safety events. i The new funding will enable Kardium to pursue regulatory approvals for the Globe System, further expand its manufacturing facilities and production capacity, and establish a clinical support and commercial team in preparation for the anticipated commercial launch of the Globe System later this year. It will also enable Kardium to run further clinical research for additional applications and expanded indications for the Globe System. Article content The Globe Pulsed Field System consists of a sophisticated catheter with a 122-electrode array and advanced software that enables rapid pulmonary vein isolation, high-definition mapping, and the ability to ablate anywhere in the atrium – all with a single catheter. Article content About Kardium Article content Kardium Inc. ( 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. Article content This press release may contain forward-looking statements, which reflect current expectations regarding future events. These forward-looking statements involve risks and uncertainties that may cause actual results, performance or achievements to be materially different from those expressed or implied by such statements. 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. Article content Article content Article content Article content
National Post
an hour ago
- National Post
WSIB Quietly Outsources Union Work During Strike, Union Says
Article content TORONTO — The Ontario Compensation Employees Union (OCEU/CUPE 1750) is raising the alarm after internal documents reveal the Workplace Safety and Insurance Board (WSIB) has begun outsourcing core work performed by striking frontline workers. Article content An internal message sent to WSIB staff outlines a trial program that allows contracted health-care providers to contact employers directly and discuss injured workers' functional abilities — a role typically performed by Return-to-Work Specialists. Article content 'This is a blatant attempt to undermine the strike and outsource union jobs behind closed doors,' said Harry Goslin, president of OCEU/CUPE 1750. 'WSIB would rather contract out work than come to the table with a fair deal. That's not just disrespectful to our members — it's dangerous for injured workers who rely on experienced, specialized support.' Article content According to the memo, the contractors will: Article content Call employers after each comprehensive assessment to share functional abilities. Discuss return-to-work options such as modified duties or alternate work. Confirm alignment between current job duties and medical limitations. Article content 'These decisions affect people's recovery, their employment and their future,' said Goslin. 'Offloading this to private contractors with no accountability is irresponsible.' Article content The union is calling on WSIB to immediately halt the trial and return to the bargaining table. Article content The strike, now close to its third month involves more than 3,000 WSIB workers across Ontario, including case managers, return-to-work specialists, and support staff. Workers are seeking fair wages and workload protections to ensure quality service for injured workers. Article content Article content Article content Article content Contacts Article content For more information, please contact: Article content Article content Article content Article content
CTV News
7 hours ago
- CTV News
CTV National News: Tax on sugary drinks in Newfoundland tossed
CTV National News: Tax on sugary drinks in Newfoundland tossed A controversial tax on sugary drinks in Newfoundland and Labrador has been repealed. Garrett Barry on what experts are saying and why it was dropped.
