J&J to buy medical device maker V-Wave for up to $1.7 billion

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Johnson & Johnson (JNJ) to acquire V-Wave in deal worth up to $1.7bn

August 20, 2024 8:40 AM EDT

(Updated - August 20, 2024 11:13 AM EDT)

Johnson & Johnson (NYSE: JNJ) announced Tuesday that it has struck an agreement to acquire V-Wave Ltd., a privately-held company specializing in treatments for heart failure.

The deal will see Johnson & Johnson make an upfront payment of $600 million, with the potential for an additional $1.1 billion in milestone payments.

V-Wave will join Johnson &... More