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Earlier this year, Dutch medical device maker Royal Philips reached a $1.1 billion deal to settle thousands of claims stemming from a recall in 2021 of millions of its breathing machines like ...
AMSTERDAM (Reuters) -Philips shares surged 35% early on Monday as the medical devices maker announced a smaller-than-expected settlement to resolve claims over recalled breathing devices in the ...
Respironics is an American medical supply company owned by Philips that specializes in products that improve respiratory functions. ... Following the recall, van ...
(Reuters) -The U.S. Food and Drug Administration said on Wednesday there have been 561 deaths reported since 2021 related to the use of Philips' recalled ventilators and machines for treating ...
"for "With Every Breath," a series exposing the scope of a corporate cover-up that allowed Philips Respironics to continue marketing breathing machines around the globe years after the FDA received warnings about contaminants in the machines and the company's own experts concluded that the devices posed severe health risks to users"
After Respironics was sold to Philips in 2008, McGinnis stepped down from his leadership role. [1] When Respironics recalled its machines in 2021 due to a defect which caused noise-reducing foam to degrade and release toxic chemicals, McGinnis attributed the recall to a culture shift in the company following the Philips' takeover, calling it a ...
The Amsterdam-based healthcare technology company has been grappling with the fallout of a global recall in June 2021 of millions of respirators used to treat sleep apnea over worries that foam ...
On 16 August 2022, Philips announced that they had parted ways with van Houten due to a mass product recall of Philips Respironics CPAP devices that halved the company's stocks and would further reduce it below the value it had prior to his appointment as CEO.
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