J&J is in talks to buy medical device maker Shockwave

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The Wall Street Journal cited sources as saying. After the news was revealed, Shockwave’s stock price rose 10% on Tuesday, with a market value of about $11 billion.

The report did not mention the price of the deal under discussion, nor did it rule out the possibility that the negotiations might not yield results.

Johnson & Johnson and Shockwave have not responded to media inquiries.

Previously, there were media reports that Boston Scientific was interested in acquiring Shockwave, but no details have been announced so far.

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