Royal Philips (NYSE:PHG) said today that it signed a 10-year partnership agreement with Klinikum Stuttgart hospital in Germany to cover replacement and procurement of state-of-the-art medical technology. The agreement includes technology such as diagnostic imaging and informatics solutions with a goal of implementing innovations that improve quality, cost-effectiveness and experiences for both patients and staff in […]
MaxQ-AI to integrate intracranial hemorrhage software with Philips CT scanners
MaxQ AI said today that it will integrate its Accipio intracranial hemorrhage and stroke software on Royal Philips (NYSE:PHG) computed tomography scanner systems. The Tel Aviv, Israel–based company said the integration of the Accipio AI-powered software into Philips’ CT systems will help caregivers identify and prioritize patients suffering from stroke, traumatic brain injury, head trauma and […]
FDA approves Philips’ low-dose Stellarex balloons
Royal Philips (NYSE:PHG) said today that two of the company’s new Stellarex drug-coated balloons received FDA approval for the treatment of upper leg artery blockages. The approval was for both de novo and restenotic lesions in upper leg arteries. The Amsterdam-based company said the new low-dose (200 mm and 150 mm) balloons will be added to […]
Philips plunges as Q3 prelims disappoint
Shares in Dutch healthcare giant Royal Philips (NYSE:PHG) took a hit today after the company’s preliminary third-quarter sales missed the consensus forecast due to blowback from the trade war between the U.S. and China. Amsterdam-based Philips said it expects group sales to reach nearly €4.7 billion ($5.2 billion), for comparable sales growth of about 6% compared […]
Philips touts Stellarex balloon study
Royal Philips (NYSE:PHG) said today that third-party data from worldwide clinical trials for the Stellarex drug-coated balloon showed that there was no difference in mortality between patients treated with the device compared to uncoated percutaneous transluminal angioplasty. The primary analysis consisted of three-year patient-level data from the Illumenate pivotal trial and the Illumenate European randomized controlled […]
The 10 largest medical device companies in the world
The merger of the French lens manufacturer Essilor with Italian eyewear maker Luxottica boosted the new EssilorLuxottica into the top 10 of the Big 100 list of largest medical device companies in the world — produced by our sister site Medical Design & Outsourcing. Overall, consolidation continues to play a major role in shaping the […]
Philips wins $400m Pentagon deal for PACs imaging system
Philips Healthcare Informatics, a branch of Royal Philips (NYSE:PHG), won a $400 million contract from the U.S. Defense Dept. last week for its digital imaging network picture archiving communications system. The fixed-price, indefinite-delivery/indefinite-quantity contract has a five-year base with one five-year option period. Ten offers were received for the acquisition. Philips’ PACs will be used by […]
Philips inks deal with LindaCare to put CRM monitoring into the cloud
Royal Philips (NYSE:PHG) said yesterday that it entered into an agreement with LindaCare to combine its IntelliSpace cardiovascular informatics platform with the latter’s OnePulse cloud-based monitoring system. The combination is intended to improve monitoring of patients with implanted cardiac rhythm management devices. Belgium-based LindaCare’s OnePulse is designed to aggregate data from CRM devices, bringing transmissions from […]
Are Intuitive Surgical robots the best IDEA in medtech?
Intuitive Surgical (NSDQ:ISRG) robots won two of the three gold awards in the medical and health category at this year’s IDSA International Design Excellence Awards (IDEA). The strong showing of robotic systems at the Industrial Designers Society of America’s IDEA ceremony, held last night in Chicago, are but another sign that robot-assisted surgery is a hot area […]
Report: Philips fired whistleblower who warned of graft
Royal Philips (NYSE:PHG) reportedly fired a whistleblower in 2011 after he warned about suspicious sales of medical equipment to the Brazilian government. Brazilian prosecutors claimed the Amsterdam-based company, among others, was part of an international health-care cartel last year. Jose Israel Masiero Filho informed Philips of his suspicions of illegal activity as far back as 2010, […]
Philips announces European launch of HeartStart Intrepid defib
Royal Philips (NYSE:PHG) today announced that it launched its HeartStart Intrepid monitor/defibrillator with IntelliSpace Connect in Europe and other worldwide markets. HeartStart Intrepid allows caregivers to evaluate and treat patients in demanding medical emergencies. The device is available in Europe and select markets in Asia and Africa. “First responders don’t often know what to expect when […]
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