Philips Q4 Profit Hit By Supply Chain Shortage, Product Recalls
Koninklijke Philips NV (NYSE: PHG) shares plunged more than 16% on Wednesday morning after the company hiked the cost of its recall of ventilators and
Philips Announced Update on the Test and Research Program in Connection With the CPAP, BIPAP and Mechanical Ventilator Recall Notification
On June 14, 2021, Royal Philips' (NYSE:PHG, AEX: PHIA))) subsidiary, Philips Respironics, initiated a voluntary recall notification* for certain sleep and respiratory care products to address potential health risks related to the polyester-based polyurethane (PE-PUR) sound abatement foam in these devices.
Philips, IJsselland Hospital Sign Long-term Technology Partnership
Royal Philips (NYSE:PHG, AEX: PHIA))), a global leader in health technology, today announced it has signed a 12-year strategic partnership with IJsselland Hospital (Capelle aan den Ijssel, The Netherlands). As the hospital's strategic technology partner, Philips will target improved care for patients and care providers at IJsselland Hospital and in the surrounding region.
Philips’ Device For Inferior Vena Cava Filter Removal Scores FDA Approval
The FDA has authorized the first laser-based device to remove IVC filters, developed by
Philips to Acquire Vesper Medical; Terms Not Disclosed
Royal Philips (NYSE: PHG; AEX: PHIA), a global leader in health technology, today announced that it has signed an agreement to acquire Vesper Medical Inc., a US-based medical technology company that develops minimally-invasive peripheral vascular devices.
41 Stocks Moving In Monday’s Mid-Day Session
Gainers
Casper Sleep Inc. (NYSE: CSPR) shares climbed 87.1% to $6.64 after the company agreed to be acquired by Durational Capital Management. The company also reported Q3 earnings results.
20 Stocks Moving in Monday’s Pre-Market Session
Gainers
Creative Realities, Inc. (NASDAQ: CREX) rose 132.9% to $3.40 in pre-market trading as the company reported a merger with Reflect Systems on Friday.
Philips Acquires Cardiologs; Terms Not Disclosed
Royal Philips (NYSE: PHG) today announced that it has signed an agreement to acquire Cardiologs, a France-based medical technology company focused on transforming cardiac diagnostics using artificial intelligence (AI) and cloud technology.
Royal Philips Earlier Reported Q3 EPS $0.47 Down From $0.70 YoY, Sales $4.90B Down From $5.82B YoY
Royal Philips (NYSE:PHG) reported quarterly earnings of $0.47 per share. This is a 32.86 percent decrease over earnings of $0.70 per share from the same period last year. The company reported $4.90 billion in sales this