By Toby Sterling, Pablo Mayo Cerqueiro and Andres Gonzalez AMSTERDAM (Reuters) – Investment company Exor was able to build a 15% stake in Dutch healthcare group Philips without triggering the …
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US and World News
US FDA identifies recall of Philips’ respiratory devices as most serious
by Reutersby Reuters(Reuters) – The U.S. Food and Drug Administration (FDA) on Monday classified the recall of Philips’ respiratory machines as its most serious type, as their use could cause serious injuries …
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US and World News
Philips recalls some previously replaced ventilators -FDA statement
by Reutersby ReutersAMSTERDAM (Reuters) – Philips, which has been struggling with a major recall of ventilators, is recalling some machines it has previously replaced, according to an FDA statement. A Philips spokesperson …
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PARIS (Reuters) – A department of the Paris prosecution office has opened a preliminary criminal investigation linked to faulty Philips ventilators in June, the office said on Thursday, confirming a …
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Department of Justice Press Releases
Philips Subsidiary to Pay Over $24 Million for Alleged False Claims Caused by Respironics for Respiratory-Related Medical Equipment
by DOJ Pressby DOJ PressWASHINGTON – Philips RS North America LLC, formerly known as Respironics Inc., a manufacturer of durable medical equipment (DME) based in Pittsburgh, Pennsylvania, has agreed to pay over $24 million …
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Department of Justice Press Releases
Philips North America Agrees to Pay $4.2 Million to Resolve Allegations of False Claims Act Violations
by DOJ Pressby DOJ PressBOSTON – Philips North America LLC (Philips) has agreed to pay approximately $4.2 million to resolve allegations that it substituted key components of a mobile patient monitoring device called an …
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AMSTERDAM – Philips shareholders voted against the company’s executive compensation plan at the annual shareholders’ meeting on Tuesday, ANP reported, in a protest over the company’s recent poor results and …
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US and World News
U.S. FDA asks Philips Respironics to notify patients about ventilator recall
by Reutersby Reuters– The U.S. Food and Drug Administration (FDA) asked Dutch medical equipment maker Philips Respironics on Thursday to notify patients about the company’s recall of certain ventilators and other breathing …