J&J to Pay as Much as $1.7 Billion for Heart-Tech Firm V-Wave

Johnson & Johnson will pay as much $1.7 billion for V-Wave Ltd., bolstering its development efforts to treat heart failure as it goes deeper into medical technology.

J&J will pay $600 million up front and as much as $1.1 billion in additional payments for hitting business goals, according to a statement Tuesday. The transaction is expected to close by the year’s end.