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J&J Enters LAA Closure Market In Earnest With Coherex Buy

J&J's Biosense Webster heart-rhythm device unit has acquired privately held partner Coherex Medical, solidifying its stake in the left atrial appendage closure market that Boston Scientific currently leads.

Biosense Webster Inc. –Johnson & Johnson's heart-rhythm device business – is already the exclusive distributor of Coherex Medical Inc.'s WaveCrest left atrial appendage occlusion system outside of the US. But the firm now says it is acquiring Coherex outright, expanding its commitment to the LAA closure space for reducing stroke in atrial fibrillation patients.

The deal, for an undisclosed amount, was announced Nov. 20. With it, Biosense might have picked up the most market-advanced LAA closure startup in industry. [See Deal]

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