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Shockwave Buys Neovasc, Hoping Reducer Angina Device Complements Coronary Lithotripsy

 
• By Reed Miller

Shockwave, which markets lithotripsy technology to treat calcified vascular disease, will pay about $100m upfront and up to $47m more in potential milestones to buy Neovasc, the Vancouver, BC-based developer of the Reducer device to treat angina.

Neovasc Reducer
Neovasc Reducer • Source: Neovasc

Shockwave Medical plans to acquire Neovasc for up to $147m and help bring the Reducer angina device to the US market.

Under the terms of the agreement, announced on 17 January, Shockwave will pay Neovasc’s shareholders about $100m – $27.25 per common share – upon completion of the transaction. The upfront...

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