J&J to buy medical device maker V-Wave in up to $1.1 billion deal

(Reuters) - Johnson & Johnson (NYSE:JNJ ) said on Tuesday it would buy medical device maker V-Wave in a deal potentially worth up to $1.1 billion, marking the latest acquisition to bolster its devices unit.

J&J said it will pay $600 million upfront, with the rest of the payments contingent on regulatory and commercial milestones.

Source: Investing.com