Johnson & Johnson is acquiring Shockwave Medical, a company specializing in technology that helps open clogged arteries, in a $13 billion deal. Shockwave uses intravascular lithotripsy technology to crack calcium lesions in arteries and restore blood flow.
The deal has been approved by both companies' boards of directors.
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Johnson & Johnson to Acquire Shockwave Medical for $13 BillionJohnson & Johnson is investing $13 billion in Shockwave Medical, a company specializing in technology for opening clogged arteries. The deal involves cash acquisition and will help expand heart care services. Shockwave uses intravascular lithotripsy technology to crack calcium lesions in arteries and restore blood flow.
Source: AP - 🏆 728. / 51 Read more »
J&J to pump another $13B into its MedTech business with Shockwave dealJohnson & 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
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