A few thoughts from the top of the morning here:
In just a little over a year, J&J has gone from Mr./Mrs. Irrelevant to perhaps the compelling suite of products in the Cardiac/Vascular market. Pretty Impressive.
Hopefully J&J continues to leave Abiomed alone, and does so with Shockwave...a la what they did w/ Biosense Webster. If they go in and J&J'ify everything, innovation will stop faster than a production line with a wrench tossed in it's gears.
If Shockwave's acquisition of Neovasc, a coronary sinus reducer for refractive angina ever bears any fruit...$13.1 B will seem like a song for this acquisition.
J&J means business this time. They have often said they wanted to become a major player again in Cardiac/Vascular, dating back to their once imminent acquisition of Guidant. But actions speak louder than words.
They are likely far from done. Percutaneous valve technologies are the glaring omission from their shiny new product portfolio. An acquisition of Edwards would be the lynch pin here, striking fear in the hearts and minds of Hospital Purchasing execs across America. Or maybe they start small, acquiring some of the earlier stage companies that are showing positive results from first in man trials across the various markets: Aortic, Mitral & Tricuspid? Maybe they look at the one "non strategic owned" commercial stage perc valve company on the market as an entry point? Time will tell, fun to speculate...
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