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Johnson & Johnson (J&J) completes $12.5 Billion Acquisition of Shockwave Medical to Strengthen Cardiac Health Solutions

PRIVATEApr 05, 2024

Acquiring Company

Johnson & Johnson Innovative Medicine Ireland

Acquired Company

ShockWave Medical

Santa Clara CountyBiotechnologyHealth CareMedicalMedical DeviceTherapeuticsBiotechnologyHealthcareHealth CareMedicalMedical DeviceTherapeutics

Description

Johnson & Johnson (J&J) reaffirms its commitment to advancing cardiac health solutions with the strategic acquisition of Shockwave Medical for $12.5 billion. This acquisition underscores J&J's dedication to expanding its portfolio in treating heart diseases and enhances its position in the competitive medical device market.

Quick answer

Johnson & Johnson Innovative Medicine Ireland is acquiring ShockWave Medical for $12.5 billion, announced April 5, 2024.

How much did Johnson & Johnson Innovative Medicine Ireland pay for ShockWave Medical?
The reported deal value is $12.5 billion.
What does Johnson & Johnson Innovative Medicine Ireland do?
Johnson & Johnson Innovative Medicine Ireland innovates with purpose to lead where medicine is going.
Where are Johnson & Johnson Innovative Medicine Ireland and ShockWave Medical based?
ShockWave Medical is based in Santa Clara County, California, United States.

Source: Fundz verified event record.

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Company Information

Company

Johnson & Johnson Innovative Medicine Ireland

About

Johnson & Johnson Innovative Medicine Ireland innovates with purpose to lead where medicine is going. Its ambition is to tackle the toughest health challenges, where patient need is highest. Currently, its research and development are focused on the areas of oncology, immunology, neuroscience, cardiopulmonary, and specialty ophthalmology, with a commitment to changing the standard of care including evaluation of new medicines and therapeutic interventions that are personalised for optimised clinical outcomes.

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Frequently asked

Who acquired ShockWave Medical?

ShockWave Medical was acquired by Johnson & Johnson Innovative Medicine Ireland. The deal was reported on April 5, 2024. Johnson & Johnson Innovative Medicine Ireland innovates with purpose to lead where medicine is going. Its ambition is to tackle the toughest health challenges, where patient need is highest. Johnson & Johnson Innovative Medicine Ireland is privately held and operates in Biotechnology.

When did Johnson & Johnson Innovative Medicine Ireland acquire ShockWave Medical?

Johnson & Johnson Innovative Medicine Ireland's acquisition of ShockWave Medical was reported on April 5, 2024. Johnson & Johnson (J&J) reaffirms its commitment to advancing cardiac health solutions with the strategic acquisition of Shockwave Medical for $12.5 billion. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does ShockWave Medical do?

ShockWave Medical focuses on developing and commercializing intravascular lithotripsy technology used to treat calcified cardiovascular disease. Their innovative systems deliver sonic pressure waves to modify hard calcium deposits in arterial walls. It is privately held, operating in Biotechnology, and is based in Santa Clara County.

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