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Published 27 days ago

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

Summary by KIFI
By TOM MURPHY AP Health Writer 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 deal has already been approved by the boards of directors from both companies. Shockwave specializes in intravascular lithotripsy, technology …

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