Shockwave Medical (Nasdaq:SWAV) announced today that it opened a new production plant for its intravascular lithotripsy (IVL) technology in Costa Rica. The company shared news of the new plant, located in San José, in a post on LinkedIn. It marks another recent positive development for the company, which agreed to be acquired for $13.1 billion by […]
Shockwave Medical
Shockwave Medical has positive Reducer data
Shockwave Medical (Nasdaq:SWAV) announced positive six-month and long-term real-world outcomes for its Reducer technology. Investigators presented data at the American College of Cardiology (ACC) Scientific Sessions in Atlanta. Results included six-month data from the full REDUCER-I population and interim long-term follow-up results out to three years. According to Shockwave, results confirm the positive real-world outcomes […]
Johnson & Johnson to acquire Shockwave Medical for $13.1B
Johnson & Johnson announced today that it agreed to acquire Shockwave Medical (Nasdaq:SWAV) for approximately $13.1 billion. Media reports previously linked Johnson & Johnson with interest in buying the intravascular lithotripsy (IVL) technology maker last year. Suggestions of interest in a deal resurfaced just weeks ago and now the companies have reached an agreement. Under […]
Shockwave Medical is reportedly a J&J acquisition target
Shockwave Medical could get acquired by Johnson & Johnson , according to a Wall Street Journal report. WSJ cited people familiar with the matter. They said the acquisition talks, if successful, could result in a finalized deal in the coming weeks. Another suitor could also seek a merger with Santa Clara, California–based Shockwave. The WSJ […]
After Intuitive, Shockwave and Avail, Daniel Hawkins is now CEO at AI-powered MRI software startup Vista.ai
Avail Medsystems founder and former CEO Daniel Hawkins has a new job as president and CEO of MRI software startup Vista.ai. Palo Alto, California-based Vista.ai (founded and incorporated as HeartVista) makes AI-guided software for automating magnetic resonance imaging (MRI) exams. “Vista is the only MRI-related AI company that is not doing just post-processing — Vista […]
Shockwave Medical looks to a digital health company for its next CFO
Shockwave Medical is tapping the CFO of smart stethoscope maker Eko Health as its next CFO. Renee Gaeta will succeed Dan Puckett, effective Feb. 5. Pucket, who has served as Shockwave Medical’s CFO since 2016, had previously announced his decision to retire. “Renee is a highly skilled and accomplished executive with a proven track record […]
The biggest stories from the 2024 J.P. Morgan Healthcare Conference
Some of the biggest names in medtech came together this week at the J.P. Morgan Healthcare Conference. They shared updates on financial progress, operational changes and new products, among other things. Medtronic shared details on plans to restore earnings power, while Abbott highlighted the success of its FreeStyle Libre system. Shockwave Medical outlined its plans […]
Shockwave Medical plans for growth with 2-3 product launches each year
It was a busy 2023 for Shockwave Medical (Nasdaq:SWAV), with product launches, funding rounds and M&A at the heart of it. The company, which develops intravascular lithotripsy (IVL) technology, first made waves last year with its acquisition of Neovasc. Neovasc develops the Reducer system for addressing refractory angina. Shockwave remained in the middle of M&A […]
Shockwave Medical launches new coronary IVL catheter following FDA approval
Shockwave Medical announced today that it unveiled a new coronary intravascular lithotripsy (IVL) catheter in the U.S. The planned introduction of the Shockwave C2+ coronary IVL catheter follows the receipt of FDA approval. This catheter offers 50% more pulses per catheter than the Shockwave C2 catheter that the FDA approved in June 2021. Santa Clara, California-based […]
Shockwave picks Abbott Vascular exec Dr. Nick West as next chief medical officer
Shockwave Medical announced today that it appointed Dr. Nick West as its new associate chief medical officer. West’s appointment marks the start of an eventual transition. He reports to the current CMO, Dr. Keith Dawkins, with intentions to succeed Dawkins in mid-2024. “Dr. West brings to Shockwave a wealth of expertise in the interventional cardiology […]
Shockwave Medical increases offering price to $650M
One day after proposing a private offering worth proceeds of $500 million, Shockwave Medical announced a price increase for that offering. The Santa Clara, California-based calcified cardiovascular disease treatment developer announced its private offering yesterday, Aug. 10. That announcement covered convertible senior notes due in 2028. It featured an additional option to purchase, within 13 […]