J&J (JNJ) to Boost MedTech Business With V-Wave Acquisition

Johnson & Johnson (JNJ) announced that it has entered into a definitive agreement to acquire a privately held medical device company, V-Wave Ltd., for an initial upfront payment of $600 million.V-Wave is engaged in developing innovative treatment options for treating heart failure.With this acquisition, JNJ is looking to add V-Wave's novel implantable device, the Ventura Interatrial Shunt (IAS), a minimally invasive device to treat heart failure with reduced ejection fraction (HFrEF). The Ventura IAS has re ...