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FTC Blocks Edwards Lifesciences' $945M Heart Device Deal
The Federal Trade Commission filed suit to block Edwards Lifesciences' proposed $945 million acquisition of JenaValve Technology, alleging the deal would create a monopoly in the market for transcatheter aortic valve replacement devices used to treat aortic regurgitation. The FTC argues that combining the only two companies with ongoing U.S. clinical trials for these life-saving heart devices would stifle innovation and increase costs for patients.
•Edwards acquired JC Medical in July 2024 and seeks to buy JenaValve for $945 million, combining the only two companies with ongoing U.S. clinical trials for TAVR-AR devices
•More than 8 million Americans suffer from aortic regurgitation, currently treatable only through invasive open heart surgery
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