Philips stock soared nearly 30% on Monday to over $27 after the the Dutch medical device maker announced it has agreed to pay ...
Philips Respironics announced that it agreed to pay over a billion dollars to settle claims stemming from the 2021 U.S.
The settlement comes after a yearslong legal battle concerning 15 million recalled DreamStation CPAP and other respiration ...
The FDA said today that a Philips recall of Trilogy Evo continuous ventilators is Class I, its most serious level of recall.
Philips shares surged 35% early on Monday as the medical devices maker announced a smaller-than-expected settlement to ...
The proposed settlement will effectively end more than 700 lawsuits filed after the 2021 recall of millions of the company’s ...
By Bart H. Meijer AMSTERDAM (Reuters) -Philips shares surged 33% at the start of trading on Monday, as the Dutch medical ...
Royal Philips CEO Roy Jakobs addressed the settlement during the earnings call. “Patient safety and quality is our highest ...
After a massive recall of CPAP devices, a settlement has been made to compensate users for damages. Here’s how the money will ...
Monday’s announcement is another step toward resolving one of the biggest medical device recalls ... CEO Roy Jakobs said in a ...
and we have taken important steps in further resolving the consequences of the Respironics recall," said Roy Jakobs, CEO of Royal Philips, in a statement. "The approved consent decree and economic ...