Shockwave Medical, Inc. (NASDAQ:SWAV) shares are trading higher Tuesday following a report suggesting Johnson & Johnson (NYSE:JNJ) is in talks to acquire the company.
The Details:
According to a report from the Wall Street Journal, people familiar with the matter say that a deal to acquire the company could be completed in the coming weeks.
Shockwave Medical shares have gained more than 65% year-to-date, and the company has a market value of nearly $11 billion.
Shockwave is a medical device company focused on developing and commercializing novel technologies for patients with cardiovascular disease.
According to data from Benzinga Pro, shares ...