(Reuters) – Johnson & Johnson is in talks to buy medical device maker Shockwave Medical, the Wall Street Journal reported on Tuesday.
A deal could be finalized in the coming weeks, assuming talks don’t fall apart, the report said, citing people familiar with the matter.
It is also possible another suitor could emerge, the report added.
Shares of Shockwave Medical shot up 11%.
(Reporting by Ananya Mariam Rajesh in Bengaluru; Editing by Devika Syamnath)
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