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Recalled breathing assistance devices from Philips Respironics have been linked to 561 deaths, federal regulators said Wednesday. The death toll is an update to the U.S. Food and Drug ...
"Philips Respironics received and continues to receive device associated complaints that have subsequently been filed as medical device reports with the U.S. health regulator," the company said.
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. 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.
Philips shares were down 4.9% at 18.58 euros by 1223 GMT. Analysts from ING said in a note that the DreamStation 2 is the successor of the DreamStation 1 machine which had used the problematic foam.
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 ...
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.