In a monumental move within the medical technology sector, Johnson & Johnson (NYSE: JNJ) has announced its acquisition of Shockwave Medical, Inc. (Nasdaq: SWAV) for a staggering $335.00 per share in cash. This acquisition, translating to an enterprise value of approximately $13.1 billion, marks a significant expansion of Johnson & Johnson’s MedTech division, specifically within […]
Freudenberg Medical, a global leader in contract design and manufacturing for the medical device and biopharma industry, has unveiled plans to bolster its global presence with a $25 million investment in a second manufacturing site in Costa Rica. This strategic expansion aims to enhance the company’s capabilities in delivering complex products to its international customer […]
Gradient Denervation Technologies has successfully closed a €14 million Series A financing round to support the clinical development of its ultrasound-based catheter device for pulmonary hypertension treatment. The funding round was led by Asabys Partners through its new fund Sabadell Asabys II and saw participation from Thuja Capital and founding investor Sofinnova Partners. Gradient Denervation […]
In a significant move to strengthen its position in the electro-medical devices market, Syrma SGS Technology Limited has successfully completed the acquisition of a 51% stake in Johari Digital Healthcare Limited (JDHL). The deal, valued at ₹2,295 million, was finalized today, September 5, 2023, according to the terms outlined in the Transaction Documents. This acquisition […]
Abbott has closed the previously announced $890 million acquisition of Cardiovascular Systems, Inc. (CSI), which has developed an atherectomy system for the treatment of peripheral and coronary artery disease. As per the terms of the deal announced in February 2023, Cardiovascular Systems’ stockholders were offered $20 per share by Abbott. Cardiovascular Systems, which was trading […]
Universal Biosensors has secured AUD 25.2 million ($18.06 million) in net proceeds from a previously announced entitlement offer and institutional placement. The Australian medical diagnostics company said that it now has nearly AUD $35 million of cash in the bank. Universal Biosensors had offered the right to existing eligible shareholders to take part in a […]
Boston Scientific has agreed to acquire Baylis Medical Company, a Canadian medical devices manufacturer in the field of cardiology, for $1.75 billion. The deal does not include Baylis Medical Technologies, which develops medical devices in the fields of neurosurgery and radiology. Through the acquisition of Baylis Medical Company, Boston Scientific will get access to the […]
Nuheara Limited, an Australian audio wearables company, has launched a medical device clinical trial to evaluate the safety and effectiveness of its newly developed range of hearing aid products. The hearing solutions provider said that the clinical study will support its planned expansion into clinically tested and regulatory approved medical devices. Nuheara said that under […]
Boston Scientific has agreed to acquire the global surgical business of Israel-based energy-based medical solutions provider Lumenis for $1.07 billion in cash. In this connection, Boston Scientific has signed a deal with an affiliate of Baring Private Equity Asia (BPEA), which will retain ownership of the global aesthetics and ophthalmology businesses of Lumenis. The surgical […]
Agilent Technologies, a US analytical instrumentation development and manufacturing company, has agreed to acquire Resolution Bioscience in a deal worth up to $695 million. Resolution Bioscience is a next generation sequencing (NGS) technology company based in Kirkland, Washington. The company is engaged in developing NGS-based precision oncology solutions. Agilent Technologies said that the deal complements […]