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Benzinga
Benzinga
Business
Vandana Singh

FTC Sounds Alarm On Edwards' Attempt To Corner Heart Device Market

Edwards FTC Edwards Lifesciences EW Federal Trade Commission FDA United States
Stuttgart,,Germany,-,12-04-2021:,Smartphone,With,Logo,Of,Us,Government

The Federal Trade Commission (FTC) on Wednesday moved to block medical device supplier Edwards Lifesciences Corp.'s (NYSE:EW) proposed acquisition of JenaValve Technology, Inc.

What Happened: "Edwards' attempt to buy the U.S. market for TAVR-AR devices would eliminate the head-to-head competition that has spurred innovation for lifesaving artificial heart valves," said Daniel Guarnera, Director of the FTC's Bureau of Competition.

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