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Johnson & Johnson Poised To Lead Multiple Cardiovascular Markets With Shockwave Medical Acquisition

 
• By Hannah Daniel

J&J’s acquisition of IVL device maker Shockwave Medical for $13.1bn sets J&J’s medtech arm solidly in a leadership position in multiple cardiovascular markets.

• Source: Shutterstock

Johnson & Johnson (Pty) Ltd’s $13.1bn acquisition of Shockwave Medical will greatly expand the medtech’s cardiovascular portfolio. Wells Fargo analyst Larry Biegelsen expects that the deal will also accelerate its top-line growth.

J&J said on 5 April, it would pay $335 a share in cash for Shockwave and expects to fund the...

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