Jan 9 (Reuters) - The U.S. Federal Trade Commission won
a ruling on Friday blocking Edwards Lifesciences' ( EW ) acquisition of
JenaValve Technology, court records showed.
The FTC sued in August, saying the deal would decrease
competition in the market for a device meant to treat a
potentially fatal heart condition.
"This is a major win for the Trump-Vance administration,"
said FTC spokesperson Joe Simonson. "We will never stop working
to promote innovation, lowering healthcare costs, and saving
American lives."
A spokesperson for Edwards did not immediately comment.
Judge Rudolph Contreras in Washington said he had granted the
FTC's request, but the opinion explaining his reasoning will be
sealed until the companies have a chance to propose a public
version that protects their confidential information.
In its lawsuit, the FTC said Edwards and JenaValve are the
only two companies in the United States conducting clinical
trials for the use of transcatheter aortic valve replacement
systems to treat aortic regurgitation, a condition in which the
heart's aortic valve does not close properly.
Edwards' flagship TAVR system for patients with aortic
stenosis brought in $1.15 billion in the third quarter.