FTC Sues to Block Edwards LifeSciences Medical Device Deal (1)

The US Federal Trade Commission filed suit Wednesday to block Edwards Lifesciences Corp. from acquiring medical device maker JenaValve Technology Inc.

In a complaint filed in Washington federal court, the FTC said the deal would hinder innovation for medical devices used to treat a serious heart condition known as aortic regurgitation, where blood pumped from the heart leaks back into the chamber

JenaValve’s medical device was approved in the European Union and is expected to receive approval from the Food and Drug Administration later this year.

Edwards best known for its valve used to treat another condition, aortic stenosis, ...