Shockwave Medical rises on completion of Neovasc acquisition

Shockwave Medical

11/04/2023 14:26

** Shares of medical device maker Shockwave Medical Inc
 SWAV.O  up 5.8% at $240 in premarket trade
    ** Co completes its previously announced acquisition of
specialty medical device company Neovasc Inc  NVCN.TO  
    ** Under the agreement terms reported in January, SWAV said
it will acquire all issued and outstanding shares of Neovasc in
an all-cash deal of $73.78 mln
    ** SWAV stock up 10.4% YTD, as of last close 

 (Reporting by Pratik Jain in Bengaluru)
 ((Pratik.Jain@thomsonreuters.com;))