Update 9am: Updates to say Penumbra said it's not in talks with Shockwave.
Penumbra (NYSE:PEN) is said to be exploring a potential deal with Shockwave Medical (NASDAQ:SWAV).
Penumbra (PEN) has held discussions with Shockwave (SWAV) about a possible combination, according to a Bloomberg report.
The news comes after a Bloomberg report yesterday that Shockwave Medical had received interest about a potential takeover. Shockwave shares gained 17% in after hours trading on Friday on news of the potential interest.
“Penumbra is not in discussions with Shockwave Medical to pursue a business combination or similar transaction,” Penumbra said in an emailed statement Sunday to Bloomberg.
The report comes ahead of next week's annual JPMorgan Healthcare Conference, which often has deal announcements associated with the event. Penumbra is scheduled to present at conference on Tuesday.