A former engineer at Philips Medical Systems in Illinois allegedly transferred confidential trade secrets and then tried to destroy the evidence, the company said in a lawsuit filed last week. The U.S. unit of Dutch healthcare conglomerate Royal Philips (NYSE:PHG) accused Jose Buan of downloading a large trove of proprietary, confidential information around the time […]
Philips to private-label Demant hearing aids
William Demant (CPH:WDH) said this week that it inked a deal to market its line of hearing aid devices under Royal Philips (NYSE:PHG) brand. Denmark-based Demant said that Amsterdam-based Philips will offer a complete range of hearing aids, accessories and applications under the Philips HearLink brand “Based on a shared vision of improving the lives of people through […]
Philips wins $450m DoD patient monitor supply contract
Royal Philips (NYSE:PHG) has won a $450 million contract to supply the U.S. Department of Defense with patient monitoring systems, accessories and training, according to a recently released DoD posting. The deal comes through a five-year base contract with a single five-year option period. A total of 36 different companies competed for the contract that Amsterdam-based Philips […]
Philips buys Direct Radiology
Royal Philips (NYSE:PHG) said this week that it acquired teleradiology platform developer Direct Radiology for an undisclosed amount. The Amsterdam-based company said that with the acquisition it will be expanding into the teleradiology services field, looking to build on its cloud-based radiology informatics portfolio. New features slated to be added include teleradiology viewing and reporting capabilities, […]
Philips touts adaptive servo ventilation sleep apnea study data
Royal Philips (NYSE:PHG) yesterday released results from a study exploring the use of adaptive servo ventilation in treating patients with complex sleep apnea. Results from the study were published in the American Journal of Respiratory and Critical Care Medicine, the Amsterdam-based company said. Investigators in the study compared the performance of four different ASV devices, including […]
Philips to pick up Carestream Health’s imaging IT biz
Carestream Health said today that it agreed to deal its imaging IT business to Royal Philips (NYSE:PHG) for an undisclosed amount. “We have had global success in providing radiology and enterprise imaging IT systems to help medical professionals provide quality care and enhance their operations,” Carestream HIS GM Ludovic d’Aprea said in prepared remarks. “By […]
Philips wins FDA nod for DigitalDiagnost C90 digital radiography system
Philips (NYSE:PHG) said yesterday that it won FDA 510(k) clearance for its DigitalDiagnost C90 digital radiography system. The Amsterdam-based company said that the DigitalDiagnost C90 includes a live camera image displayed directly at the tube head to provide a clear view of the anatomical area being scanned during positioning. The newly cleared system also incorporates Philips […]
Philips launches Epiq Elite ultrasound system
Philips (NYSE:PHG) said yesterday that it launched its new Epiq Elite ultrasound system. The newly launched system from the Amsterdam company contains its “latest advances in transducer innovation,” as well as its first solution for vascular assessment and diagnosis. “Our new portfolio of dedicated systems and solutions based on the EPIQ Elite combines new display technology, […]
Here’s how precision medicine could change medical imaging
The business of precision medical imaging is poised to take off in the next few years, according to a new analysis by Frost & Sullivan. The market research firm’s report, “Growth Opportunities in Precision Medical Imaging, Forecast to 2022,” said new technologies and processes in diagnostic and therapeutic imaging could spur the market to grow […]
Royal Philips, American Heart Association join to boost cardiac arrest survival
Royal Philips (NYSE:PHG) and the American Heart Association have paired up to increase sudden cardiac arrest (SCA) survival rates in densely populated cities around the world. The Connected Pulse program combines education programs to increase awareness of CPR with the use of publicly-available automated external defibrillators (AEDs), and new technologies to strengthen the chances for survival until […]
Philips faces $69m hit from Trump trade war
The CEO of Royal Philips (NYSE:PHG) told analysts today that the Dutch healthcare giant is looking at a $69 million hit from Donald Trump’s trade war with China, as it transfers hundreds of millions worth of production between the countries. “This is not peanuts,” Frans van Houten said today during a conference call to discuss Philips’ […]
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