Full Press Release Details
Adagio Medical Expands Chief Business Officer
Deborah Kaster's Role to Include Chief Financial Officer Responsibilities
LAGUNA HILLS, CA, September 8, 2025
- Adagio Medical Holdings, Inc. (Nasdaq: ADGM) ("Adagio" or "the Company"), a leading innovator in
catheter ablation technologies for the treatment of cardiac arrhythmias, today announced that the Company's Chief Business Officer,
Deborah Kaster's, responsibilities have been expanded to include the role of Chief Financial Officer, effective September 5,
2025. Ms. Kaster succeeds Dan George, who served as the Company's interim Chief Financial Officer since April 2025.
In this enhanced position as Chief Financial Officer and Chief Business
Officer, Ms. Kaster will continue to oversee business development, corporate strategy and investor relations while assuming responsibility
for the Company's financial operations, including accounting, treasury, and financial planning. Ms. Kaster will continue to report
to Todd Usen, Chief Executive Officer of Adagio.
"Since joining Adagio just four months ago, Debbie has made a
meaningful impact by driving strategic initiatives and building critical partnerships, both internally and externally, to help position
us for growth," said Todd Usen, Chief Executive Officer of Adagio Medical. "Expanding her role to include CFO reflects our
confidence in Debbie's deep financial expertise and proven leadership, and ensures alignment between our strategic and financial
priorities. We thank Dan for his valuable contributions during this transition period."
"I'm honored to take on the additional role of CFO at this
exciting time for Adagio and to continue working with our talented team to execute on our growth strategy," said Ms. Kaster. "Integrating
our business and financial functions will allow us to move with agility as we focus on bringing our proprietary technologies to patients
suffering from ventricular tachycardia and on creating long-term value for shareholders."
About Adagio Medical Holdings, Inc.
Adagio 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 vCLAS Cryoablation
System, which is CE Marked and is currently under evaluation in the Company's FULCRUM-VT U.S. IDE Pivotal Study.
FULCRUM-VT (Feasibility of Ultra-Low
Temperature Cryoablation in Recurring Monomorphic Ventricular Tachycardia) is a prospective, multi-center, open-label, single-arm study,
enrolling 206 patients with structural heart disease of both ischemic and non-ischemic cardiomyopathy, indicated for catheter ablation
of drug refractory VT in accordance with current treatment guidelines. The results of the study will be used to apply for FDA premarket
approval (PMA) for Adagio's vCLAS Cryoablation System, potentially leading to the broadest industry indication for purely
endocardial ablation of scar-mediated VT.
Adagio's vCLAS Cryoablation
System is commercially available for the treatment of monomorphic ventricular tachycardia in Europe and select other geographies but is
limited to investigational use in the United States.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995. Words such as "anticipates," "believes," "expects,"
"intends," "projects," "plans," and "future" or similar expressions are intended to identify
forward-looking statements. Forward-looking statements include statements concerning: Adagio's ability to execute on its growth
strategy and achieve alignment between its strategic and financial priorities; Adagio's research, development and regulatory plans
for its product candidates; and Adagio's ability to bring its proprietary ULTC solutions to patients. Forward-looking statements
are based on management's current expectations and are subject to various risks and uncertainties that could cause actual results
to differ materially and adversely from those expressed or implied by such forward-looking statements. Accordingly, these forward-looking
statements do not constitute guarantees of future performance, and you are cautioned not to place undue reliance on these forward-looking
statements. Risks regarding Adagio's business are described in detail in Adagio's Securities and Exchange Commission ("SEC")
filings, including in its Annual Report on Form 10-K for the full-year ended December 31, 2024 and Quarterly Report on
Form 10-Q for the quarter ended June 30, 2025, which are available on the SEC's website at www.sec.gov. Additional
information will be made available in other filings that Adagio makes from time to time with the SEC. These forward-looking statements
speak only as of the date hereof, and Adagio disclaims any obligation to update these statements except as may be required by law.
Chief Financial Officer and Chief Business Officer