J&J to pump another $13B into its MedTech business with Shockwave deal
Release time：2024-05-21 12:52:41 Source：International Insight 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.
- Previous：Ship that caused Baltimore bridge collapse has been refloated
- Next：French sports minister calls for sanctions after Monaco player tapes over anti
Related articles
- Jessica Biel CHOPS her long locks into a bob after book signing in Studio City
- 'Queen Wen' to Make US Open Quarterfinal Debut, Alcaraz Comes Through
- Zhang Weili Secures Brutal Spinning Backfist KO at UFC 275
- Jiang Wins China's First Golds at Asian Weightlifting Championships
- Georgia Republicans choose Amy Kremer, organizer of pro
- China's Chen, Jia Win Women's Doubles at BWF Korea Open Badminton Championships
- China Claims Two Swimming Titles, Leads Worlds Gold Tally with 17
- Li Bingjie Wins Women's 400m Freestyle at Hangzhou Asiad
- College baseball notebook: Conference tournaments to decide NCAA automatic bids and many at
- For Active Ningxia Aunties, Skateboarding Is Way of Life
- Revealed: Brit tourist, 19, subjected to sex attack in Majorca 'was gang
- China Women's Basketball Head Coach Calls for Continuous Improvement
- China's Teenager Zheng Dominates Local Favorite to Reach Last 16 at French Open
- Heartwarming moment driver saves dog from being run over by bringing traffic to a halt on busy six
- French sports minister calls for sanctions after Monaco player tapes over anti
- Helping Ewenki People Escape Poverty by Developing Tourism
- 7 Decades Later, Girl Admitted to Grandfather's Alma Mater
- Young Chinese Woman Aerobatic Pilot Fulfills Flying Dreams Overseas in Australia
- US overdose deaths dropped in 2023, the first time since 2018
- Wang Shanshan Named Chinese Women's Footballer of the Year
Random recommendation
- Copyright © 2024 Powered by J&J to pump another $13B into its MedTech business with Shockwave deal ,International Insight news portal sitemap