Grand Pharma to acquire FastWave Medical for up to $72M

Grand Pharmaceutical Group (GP) announced it will acquire 100% of FastWave Medical Inc for up to $72 million, and invest up to $8 million to co-develop an intravascular shockwave calcification treatment system for arterial calcification. FastWave will become GP's wholly owned subsidiary and overseas R&D platform for precision interventional devices.

“the Group will acquire 100% equity of FastWave with up to total USD72 million by phases, and will invest up to total USD8 million for supporting and jointly developing an innovative medical device, intravascular shockwave calcification treatment system, for the treatment of moderate to severe arteri”grandpharm.com

• 2 sources
• grandpharm.comGP (HK) Enters into Investment and Strategic Cooperation Agreements with FastWave - Company - News Center - Grand Pharma GroupAug 2, 2021
• beta.zhitongcaijing.com远大医药(00512)拟最多7200万美元收购FastWave 100%股权搭建心脑血管精准介入器械海外研发平台及合作开发全球创新血管内震波钙化处理系统Aug 2, 2021

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