Category: Philips HealthcareSyndicate content

Philips Healthcare's Q1 profits rise despite top-line slide

April 22, 2013 by Brad Perriello

Philips Healthcare posts a nearly double-digit profit increase despite a 4% sales decline.

Philips Healthcare

Philips Healthcare (NYSE:PHG) grew its pre-tax profits by nearly 10% despite seeing its 1st-quarter sales slide 4%.

The Dutch medical device company's parent's overall profits slipped more than 11% on a slight sales decrease compared with the same period last year.

Philips settles Polish bribery beef with $4.5M settlement

April 10, 2013 by Arezu Sarvestani

Healthcare technology giant Philips agrees to pay $4.5 million to the U.S. Securities & Exchange Commission to settle a Polish bribery spat.

Philips logo

Technology giant Philips (NYSE:PHG) agreed to pay a $4.5 million settlement to the U.S. Securities & Exchange Commission to settle an investigation into potential bribery at the company's Polish medical equipment sales division.

MassDevice.com +7 | The top 7 med-tech stories for the week of March 11, 2013

March 15, 2013 by Brad Perriello

If you read nothing else this weekend, make sure you're still in the know with MassDevice +7.

Plus Seven

Say hello to MassDevice +7, a bite-sized view of the top seven med-tech stories of the week. This latest feature of MassDevice.com's coverage highlights our seven biggest and most influential stories from the week's news to make sure you're up to date on the headlines that continue to shape the medical device industry.

 

Novadaq, KCI spike Luna wound imaging deal | Wall Street Beat

March 15, 2013 by Brad Perriello

Novadaq says its deal with wound care giant Kinetic Concepts Inc. for the Luna wound imaging device the companies co-developed has come to an amicable end.

MassDevice.com Wall Street Beat

Novadaq Technologies (TSE:NDQ) said it and wound care giant Kinetic Concepts agreed to an amicable end to the co-development deal they inked in 2011 for the Luna wound imaging device.

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The 6 lines of code that could bring down a hospital

March 11, 2013 by Arezu Sarvestani

The software flaw that allowed a duo of cybersecurity researchers to bring down a Philips XPER hospital management system with 6 lines of code is still a problem in current XPER machines, Philips tells MassDevice.com.

cybersecurity, hacking illustration

Using fairly rudimentary hacking techniques, researchers have exposed vulnerabilities in a variety of medical devices, most recently in a Philips (NYSE:PHG) Xper hospital management system that buckled under the force of a mere 6 lines of code.

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FDA clears Philips' MicroDose SI mammography system

March 4, 2013 by Arezu Sarvestani

Global technology company Philips touts FDA clearance for its MicroDose SI mammography platform.

Philips' MicroDose SI mammography system

Technology giant Philips (NYSE:PHG) won FDA clearance for its MicroDose SI full-field mammography system, which the company hopes to leverage as a platform new mammogram imaging applications.

Philips swings to 2012 profits on strong healthcare demand

February 27, 2013 by Brad Perriello

Royal Philips Electronics swung from loss to profit last year on strong demand for its largest business, Philips Healthcare.

Philips

Philips (NYSE:PHG) posted 2012 profits on a strong contribution from its healthcare business, its largest segment, sending share prices for the Dutch parent company up 1.7% today on Wall Street.

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