Royal Philips (NYSE:PHG) announced today that the millionth procedure performed with its Azurion image-guided therapy platform took place at GZA Ziekenhuizen in Antwerp, Belgium. The Azurion platform was introduced in February 2017 and has since been adopted by hospitals around the world, according to a news release. Its image-guided therapy is performed through a small incision […]
How much do the world’s biggest medtech companies pay physicians?
The top 50 medical device companies in the world paid physicians and teaching hospitals $690.3 million last year in general payments, according to an analysis of Medical Design and Outsourcing‘s Big 100 and CMS Open Payments data. Medtech companies averaged $17.3 million in general payments to doctors last year, spending an average of 0.2% of […]
These medical device companies pay doctors the most money
The top medical device companies in the world made more than $542.6 million in general payments to physicians and hospitals in 2018, according to an analysis of Medical Design & Outsourcing‘s Big 100 and CMS Open Payments data. Zimmer Biomet topped the list with $109.4 million in general payments* to physicians and teaching hospitals in […]
Philips launches its first clinical product for aiding cognitive assessment in the U.S.
Royal Philips (NYSE:PHG) announced the debut of its IntelliSpace Cognition cognitive assessment platform that uses artificial intelligence to aid healthcare professionals in assessing cognitive impairment. The Amsterdam-based company’s IntelliSpace Cognition system is designed to automate and enhance neuropsychological tests, providing access to detailed information about a patient’s cognition while offering quantitative longitudinal data to aid in […]
Philips issues urgent field safety notice for V60 ventilators
Royal Philips (NYSE:PHG) issued an urgent field safety notice for its V60 ventilators after issues arose surrounding unresponsive touchscreens. In August, the Amsterdam-based company warned that the V60 ventilator’s touchscreen designed for changing certain therapy settings experienced problems with failure to respond to touch commands. The frozen screen can result in an inability to make changes […]
Philips launches next-gen vital signs monitor for early patient intervention
Royal Philips (NYSE:PHG) said today that it has initiated the U.S. launch of the EarlyVue VS30 monitor — meant to help clinicians catch problems with hospital patients early and prioritize treatments. The EarlyVue VS30 uses automated early warning scoring (EWS) to collect the vital signs and calculate the alerts to allow clinicians to identify subtle signs […]
Philips slumps on wider-than-forecast Q3 profit slide
Shares in Royal Philips (NYSE:PHG) took a hit in New York and Amsterdam this morning after the Dutch healthcare giant’s third-quarter profits declined even more than expected. Philips, which earlier this month predicted net income of €210 million ($233.1 million), today reported profits of €208 million ($230.9 million), or 0.23 per share (56¢). Sales for […]
Philips recalls defibrillators tied to 2 patient deaths
Philips has issued two separate recalls for its HeartStart XL+ defibrillator/monitor which may delay therapy and endanger patients. One recall relates to the device’s potential to fail to start or to unexpectedly try to restart and affects only devices sold outside the U.S. and Canada. It is associated with 588 customer complaints since 2011 and […]
Philips inks 10-year imaging deal with German hospital
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 […]
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