CBS News5d
Philips settles suits over its DreamStation sleep apnea machines for $1.1 billion
Since 2021, Philips has been battling a series of crises over its DreamStation machines for ... of the devices made by subsidiary Philips Respironics. Philips said in a statement Monday that ...
Fox Business5d
Philips pays $1.1B to settle sleep apnea device suits
Shares of medical giant Philips surged Monday after the company announced that it paid over a billion dollars to settle personal injury claims tied to its recalled sleep apnea devices. Philips ...
Business Insider5d
Philips Q1 Loss Widens, Backs FY24 View, Settles Respironics Litigation; Stock Surges
Meanwhile, Philips and Philips Respironics do not admit any fault or liability, or that any injuries were caused by Respironics' devices. Under the settlement, Philips Respironics will make the $1 ...
Business Insider5d
Philips Q1 Loss Widens, Backs FY24 Outlook; To Pay $1.1 Bln To Settle Respironics Litigation
While Philips and Philips Respironics deny any fault or liability, or that any injuries resulted from Respironics' devices, the settlement addresses claims filed in US courts and potential claims ...
USA Today5d
Philips agrees to pay $1.1 billion settlement after wide-ranging CPAP machine recall
The issues have largely surrounded the brand's popular DreamStation CPAP ... injury settlement comes after several other hits to Philips Respironics' pockets in recent years.
The Business Journals5d
Philips to pay $1.1B to settle personal injury litigation
Philips and Philips Respironics will pay $1.1 billion to settle personal injury litigation in the United States in connection to the issues over its sleep therapy devices. The settlement ...
Pharm Exec25d
Philips Respironics Finalizes Consent Decree Regarding Business Operations in the US with Department of Justice, FDA
Philips Respironics announced that it has finalized a consent decree with the US Department of Justice (DOJ) and the FDA, mainly focused on its operations in the United States, which includes ...
Wall Street Journal5d
Philips Agrees to $1 Billion U.S. Ventilator Settlement, Backs Guidance
Royal Philips said it has reached a $1.1 billion settlement in the U.S. related its Respironics ventilators, and backed its full-year guidance. The Dutch health-technology group said Monday that ...
TribLIVE.com27d
Proposed consent decree includes Philips Respironics site, product inspections for 5 years
Philips Respironics must hire independent experts to inspect facilities and products and hand over part of its revenue to the U.S. Treasury under a proposed consent decree filed in U.S. District ...
The Globe and Mail24d
Philips Respironics reaches agreement with US government on a consent decree creating a clear path forward
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 ...
Detroit Free Press5d
Philips agrees to pay $1.1 billion settlement after wide-ranging CPAP machine recall
The issues have largely surrounded the brand's popular DreamStation CPAP ... injury settlement comes after several other hits to Philips Respironics' pockets in recent years.
AZ Central5d
Philips agrees to pay $1.1 billion settlement after wide-ranging CPAP machine recall
The issues have largely surrounded the brand's popular DreamStation CPAP ... injury settlement comes after several other hits to Philips Respironics' pockets in recent years.