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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 ...
"Philips has received reports of possible patient impact due to foam degradation," the company said in a statement. "To date, there have been no reports of death as a result of these issues."
Respironics is an American medical supply company owned by Philips that specializes in products that improve respiratory functions. It is based in the Pittsburgh suburb of Murrysville in Pennsylvania, United States. Some of its products had hazardous foam that disintegrated and entered patients' bodies.
At the same time, Philips has invested in a number of acquisitions that strengthen the company's portfolio, among them medical device leaders Volcano and Spectranetics, respiratory care leader RespirTech, and population health management leaders Wellcentive and VitalHealth, as well as others in digital pathology, neurology, pregnancy ...
Philips was recalling the ventilators after detecting contaminants such as dust and dirt from the environment in the air path of some devices. The company has received 542 reports about this issue ...
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AMSTERDAM (Reuters) -The U.S. Food and Drug Administration (FDA) said it is still not satisfied with how Dutch healthcare technology company Philips has handled a major product recall and the ...