On Monday, Shares of Edwards Lifesciences Corp (NYSE:EW), gained 3.38% to $152.14.
Edwards Lifesciences Corporation, declared that it has agreed to acquire CardiAQ Valve Technologies, Inc., a privately held company and developer of a transcatheter mitral valve replacement system.
“Edwards’ primary strategy is to create valuable therapies that transform patient care. We believe the acquisition and integration of CardiAQ will advance our development of a transformational therapy for patients with mitral valve disease who aren’t well-served recently,” said Michael A. Mussallem, Edwards’ chairman and CEO. “While still early in the development of this therapy, the progress of the team of employees and clinicians working on our FORTIS mitral replacement system has reinforced our confidence in a catheter-based approach. We believe the experiences and technologies of FORTIS and CardiAQ are complementary and that this combination will enable important advancements for patients.”
Edwards Lifesciences Corporation provides products and technologies to treat structural heart disease and critically ill patients worldwide. The company offers transcatheter heart valve therapy products comprising transcatheter aortic heart valves and their delivery systems for the nonsurgical replacement of heart valves.
Shares of Cadence Design Systems Inc (NASDAQ:CDNS), inclined 1.07% to $19.79, during its last trading session.
Cadence Design Systems, declared that the Itseez OpenCV library of computer vision acceleration algorithms is now accessible on the Cadence Tensilica image/video digital signal processors (DSPs). The OpenCV software suite was ported by vision industry experts at Itseez and optimized by Cadence to make it much easier for designers to accelerate their compute-intensive vision processing applications.
Cadence Design Systems, Inc. develops, sells, leases, and licenses electronic design automation (EDA) software, emulation and prototyping hardware, verification intellectual property (VIP), and design intellectual property (design IP) for semiconductor and electronics systems industries worldwide.
Finally, Qihoo 360 Technology Co Ltd (NYSE:QIHU), ended its last trade with 1.71% gain, and closed at $63.61.
Qihoo 360 Technology Co Ltd, declared that the independent special committee of the Company’s Board of Directors (the “Independent Committee”), formed to consider the formerly declared non-binding “going private” proposal that the Board received on June 17, 2015, has retained J.P. Morgan Securities (Asia Pacific) Limited as its financial advisor to assist it in this process. The special committee has retained Skadden, Arps, Slate, Meagher & Flom as its U.S. legal counsel, and the buyer group proposing the going-private transaction is represented by Kirkland & Ellis.
Qihoo 360 Technology Co. Ltd., through its auxiliaries, provides Internet services in the People’s Republic of China. The company operates through Internet Services and Others segments.
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