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Shockwave Buys Neovasc, Hoping Reducer Angina Device Complements Coronary Lithotripsy

Executive Summary

Shockwave, which markets lithotripsy technology to treat calcified vascular disease, will pay about $100m upfront and up to $47m more in potential milestones to buy Neovasc, the Vancouver, BC-based developer of the Reducer device to treat angina.

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