Shockwave Medical draws interest from Boston Scientific: Bloomberg

Founded by serial medical technology entrepreneur Daniel Hawkins, Shockwave says it’s seeking to change how calcified cardiovascular disease is treated. The Santa Clara, California-based company has a device that uses sound waves to break up calcium deposits in arteries and expand vessels, a method the company says is safer than some currently used procedures.

Boston Scientific, which has a market value of about $76 billion, makes a number of devices and instruments used in cardiac care.

Acquiring Shockwave would make “a lot of strategic sense given the company’s focus in interventional cardiology and peripheral vascular though we do acknowledge BSX would likely need to pay a sizable valuation to acquire the asset and this deal may or may not introduce some FTC considerations,” Piper Sandler analysts led by Adam C. Maeder wrote in a report Friday.

Deliberations are ongoing, and there’s no certainty they will lead to a transaction, the people said. Representatives for Boston Scientific and Shockwave declined to comment.