J&J has turned to a fast-growing category of heart pumps to help revive a medical-device business that has gained in importance to the company as it prepares to shed its consumer-health products. The bet is risky.
fast-growing category of heart pumps
to jump-start sales in its medical-device business with a new $16.6 billion deal to acquire Abiomed Inc. The health-products company will face challenges meeting ambitious growth targets for the new business, however, and ongoing clinical trials aren’t certain to produce results that will lead to wider use of Abiomed’s devices that J&J is counting on, analysts say.
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