Member LoginMember Login - User registration - Setup as front page - Add to favorites - Sitemap J&J to pump another $13B into its MedTech business with Shockwave deal !

J&J to pump another $13B into its MedTech business with Shockwave deal

Time:2024-05-21 14:32:38 source:Worldly Window news portal

Johnson & Johnson is pumping more money into heart care with a roughly $13 billion deal for Shockwave Medical, which specializes in technology that helps open clogged arteries.

The health care giant said Friday that it will spend $335 in cash for each share of Shockwave. The total deal value includes cash acquired.

The deal has already been approved by the boards of directors from both companies.

Founded in 2009, Shockwave focuses on intravascular lithotripsy technology that uses sonic pressure waves to crack calcium lesions in arteries and restore blood flow. It’s similar to a technique used to break up kidney stones. The soundwave emitters are placed inside angioplasty catheters to reach the calcified areas of the artery.

Shockwave’s technology is used to treat coronary artery and peripheral artery disease.

The company’s revenue jumped 49% last year to $730 million.

Related information
  • Liverpool confirms Arne Slot as Jurgen Klopp's replacement
  • SMU suspends football player named in high
  • Ryan Feltner gets 1st win of season, Rockies use season
  • Republicans debate ahead of runoff for Alabama congressional seat
  • Russian theater director and playwright go on trial over a play authorities say justifies terrorism
  • Wrexham eyes another promotion, this time to 3rd tier of English soccer
  • Election 2024: Latino voters are a target for misinformation
  • One dead, two injured in South Waikato crashes
Recommended content
  • Kosovo prepares a new draft law on renting prison cells to Denmark after the first proposal failed
  • More history for Tiger Woods. He makes the Masters cut for a record 24th time in a row
  • Australia to open the Formula 1 season in 2025 as Bahrain and Saudi races shift for Ramadan
  • The return of horse
  • The government wants to buy their flood
  • What to expect in Michigan's state house special elections