Monday, November 5, 2007

Edwards Buying Ethicon Products

Edwards Buying Ethicon Products: "Heart valve maker Edwards Lifesciences Corp. said Monday it will buy heart valve surgery systems from Ethicon Inc.'s CardioVations division for about $27 million. The products will include EndoCPB and EndoDirect systems. Edwards said the products are expected to generate sales of $20 million in 2008. The deal is expected to close by the end of the year and to add to earnings after 2008."