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Will Johnson & Johnson's stock price increase by 5% by September 20, 2024, following the acquisition announcement?
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Story
Johnson & Johnson to Acquire V-Wave for Up to $1.7 Billion
Aug 20, 2024, 11:53 AM
Johnson & Johnson has announced its agreement to acquire V-Wave, a privately-held company specializing in innovative treatment options for heart failure. The acquisition involves an upfront payment of $600 million, with the total deal potentially reaching up to $1.1 billion, contingent on achieving specific milestones. Some reports suggest the deal could be worth up to $1.7 billion. This strategic move aims to enhance Johnson & Johnson's MedTech cardiovascular portfolio, particularly through V-Wave's innovative Ventura® technology.
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