Philips' (PHG) Gets FDA Recall for Trilogy Ventilator Glitch
Philips' (PHG) software update for Trilogy Evo ventilators is set to mitigate a possible power malfunction and gets FDA Class I recall identification, as it may cause serious harm.
Why Royal Philips (PHG) is a Top Value Stock for the Long-Term
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Insider trading? Health subcommittee member buys stock before lawsuit settlement
Insider traders often operate on undisclosed information, giving them an unfair edge in forecasting stock market movements.
Philips (PHG) Q1 Earnings Beat Estimates, Revenues Fall Y/Y
Philips' (PHG) first-quarter results benefit from strong momentum across the Diagnosis & Treatment and Personal Health businesses. However, softness in the Connected Care business is a concern.
Philips stock soars on $1.1 billion respiratory device settlement
Koninklijke Philips (PHG) reached a $1.1 billion settlement over a US device recall for its respiratory ventilator devices, causing shares of the company to jump on Monday. The payment was original...
Philips Stock Soars as Company Reaches $1.1B Settlement in US for Sleep Apnea Devices
Koninklijke Philips (PHG) shares traded in the U.S. soared nearly 30% Monday morning after the Dutch medical devices giant agreed to a $1.1 billion settlement to pay out personal injury cases in th...
Philips pays $1.1B to settle sleep apnea device suits
Philips Respironics announced that it agreed to pay over a billion dollars to settle claims stemming from the 2021 U.S. recall of its sleep therapy devices.
'Vast majority' of legal cases over apnea recall now settled: Philips CEO
Philips CEO Roy Jakobs comments on the company's first-quarter results and its agreement of a $1.1 billion settlement for personal injury and medical monitoring claims linked to the recall of some ...
Philips soars after settling sleep apnea class action for $1.1bn
Dutch multinational Philips soared a remarkable 43% on Monday after settling a protracted class-action lawsuit in the US over allegedly faulty sleep apnea devices. Millions of the devices were reca...
AI sets Philips' stock price for next 12 months
The stock price of medical equipment maker Philips (NYSE: PHG) is experiencing bullish sentiments as the company strives to overcome regulatory concerns that have plagued it.
Philips shares soar 30% after U.S. litigation settlement far lower than feared
Shares of Royal Philips NV soared on Monday, after the Dutch health-technology group announced a much lower-than-expected U.S. settlement over its Respironics ventilators.
Philips shares rocket 33% as firm settles U.S. respiratory device case
Philips shares soared Monday after the company agreed a $1.1 billion settlement in a U.S. case linked to the recall of some of its sleep apnea devices.
Philips $1.1B Sleep Apnea Settlement Covers All US Claims, CEO Says
Philips CEO Roy Jakobs discusses the firm's €982 million ($1.1 billion) provision to help settle US claims linked to a recall of sleep apnea medical devices, much lower than analysts expected. The ...
Philips agrees to $1.1 billion settlement over U.S. ventilator recall
Dutch medical devices maker Philips announced on Monday that it has agreed to a $1.1 billion settlement regarding personal injury lawsuits in the United States. This agreement relates to the global...
Philips pays $1.1 bln in U.S. settlement over ventilator recall
Dutch medical devices maker Philips said on Monday it had agreed to pay $1.1 billion in a settlement of personal injury cases in the United States related to the global recall of ventilators used t...
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