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
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 […]
Shockwave Medical announces $500M private offering
Shockwave Medical (Nasdaq:SWAV) announced today that it intends to offer $500 million in convertible senior notes due in 2028. Santa Clara, California-based Shockwave plans to offer these notes to qualified institutional buyers. The offering also includes an option to purchase, within 13 days of first issuance, up to an additional $75 million in notes. The […]
Shockwave Medical launches new coronary IVL catheter
Shockwave Medical (Nasdaq:SWAV) today announced full commercial availability for its C2+ coronary intravascular lithotripsy (IVL) catheter. The company designed its C2+ coronary IVL catheter to treat severely calcified coronary artery disease using pulsatile sonic pressure. Santa Clara, California-based Shockwave, which has been subject to recent acquisition speculation, launched the catheter in select international markets. Shockwave C2+ is […]
Medtronic and Johnson & Johnson reportedly consider Shockwave acquisition
Medtronic (NYSE:MDT) and Johnson & Johnson (NYSE:JNJ) are interested in acquiring Shockwave Medical (Nasdaq:SWAV), according to a StreetInsider.com report citing an unnamed source. The financial news website did not say how the source knows the information or why they are not being identified by name. “We don’t comment on rumors or speculation,” Medtronic spokesperson Erika […]
Report: Boston Scientific may look to buy Shockwave Medical
Bloomberg reported today that Boston Scientific is considering an acquisition of Shockwave Medical (Nasdaq:SWAV). Shockwave stock price soared on the back of the news. It rose 11.9% to $290.72 per share in mid-afternoon trading. Shares of BSX dipped 2.8% to $51.13 apiece. The outlet cited sources with knowledge of the matter as saying Boston Scientific […]
Shockwave Medical completes Neovasc acquisition
Shockwave Medical (Nasdaq:SWAV) announced today that it completed its $147 million acquisition of Neovasc. In January, Shockwave announced an agreement to acquire all of the issued and outstanding common shares of Neovasc. The company paid $27.25 per share upfront by way of a statutory plan of arrangement. The deal has an enterprise value of approximately […]
Shockwave Medical stock ticks up on massive Q4 earnings beat
Shockwave Medical (Nasdaq:SWAV) shares rose this morning on fourth-quarter results that came in ahead of the consensus forecast. Shares of SWAV ticked up 5.3% at $201.35 apeice after the market opened today. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — rose 10.6%. The Santa Clara, California-based cardiovascular […]
Shockwave Medical to acquire Neovasc for up to $147M
Shockwave Medical (NSDQ:SWAV) today announced it signed an agreement to acquire all of the issued and outstanding common shares of Neovasc (NSDQ:NVCN). Neovasc enrolled its first patient in a clinical trial studying the Neovasc Reducer in January 2022. The company designed the device to reduce angina symptoms in people with refractory angina. It was also reportedly […]
The biggest medtech stock gainers, losers in 2022
In another roller coaster year for medtech, these are the companies that saw their stock rise and fall the most drastically. The MassDevice MedTech 100 Index, which includes stocks of the world’s largest medical device companies, reflects the performance of many in the medtech space. In a tough year for a lot of businesses, the Index […]
Shockwave Medical grows sales 101% in Q3, raises full-year guidance
Shockwave Medical (NSDQ:SWAV) this week posted third-quarter results that beat the overall consensus on Wall Street. The Santa Clara, California-based company has proprietary cardiovascular disease treatment tech involving local delivery of sonic pressure. It reported profits of $35 million, or 92¢ per share, on sales of $131.3 million for the three months ended Sept. 30. The […]
