FTC Takes Action: Lawsuit Filed to Block Edwards Lifesciences’ $945M Acquisition of JenaValve Over Antitrust Concerns
Washington, D.C. — The Federal Trade Commission is taking legal action against Edwards Lifesciences over its plans to acquire JenaValve, raising concerns about potential antitrust violations in the medical device industry. The FTC argues that this acquisition could stifle competition in the market for transcatheter aortic valve replacement devices designed for treating aortic regurgitation. In July 2024, Edwards Lifesciences announced intentions to purchase JenaValve and JC Medical, two notable developers in the transcatheter aortic valve replacement sector. Edwards completed the acquisition of JC Medical in August, paying approximately $320 million, and the FTC warns that … Read more