One of the nation's largest makers of machines for sleep apnea sufferers has agreed to pay $479 million to compensate customers who bought the devices and suffered injuries due to foam spewing into ...

Dutch medical device maker Philips said Monday it had reached a $1.1 billion deal in the United States to settle lawsuits over faulty sleep machines in a case that's rocked the company. Since 2021, ...

Philips agreed with insurers to pay Philips 540 million euros to cover Respironics recall-related product liability claims. Philips Respironics has agreed to pay $1.1 billion; the related payments are ...

Amsterdam, the Netherlands - Following the FDA’s inspection of Philips Respironics’ facility in Murrysville in 2021 and the subsequent inspectional observations, the US Department of Justice (DOJ), ...

1) Excluding provisions charged to sales of EUR 174 million in Q4 2023 mainly in connection with the Respironics consent decree. Roy Jakobs, CEO of Royal Philips:“Our strong results in 2023 were ...

The same investigative journalists who took Philips to task last year for waiting 11 years before coming forward with its respiratory device problem, recently revealed new insights into the saga. The ...

Philips appears to have completed its Christmas shopping with a planned $5.1 billion purchase of home medical equipment supplier Respironics. The acquisition - the fourth in recent weeks for the Dutch ...

March 10 (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 ...

MURRYSVILLE, Pa. Respironics on Friday announced a definitive merger agreement with Royal Philips Electronics, which will commence a tender offer to acquire all of the outstanding shares of ...

Dutch medical device maker Philips said Monday it had reached a $1.1 billion deal in the United States to settle lawsuits over faulty sleep machines in a case that have dogged the company. The company ...