The FDA has labeled Philips’ recall of some Sense XL Torso Coils as Class I, the most serious kind. Royal Philips (NYSE:PHG) has recalled all serial numbers of specific Sense XL Torso (1.5T and 3.0T) coils due to a potential issue with the coil heating up during MRI scans, which could lead to thermal injury. The […]
Philips
Philips picks Ling Liu to lead efforts in China
Philips (NYSE:PHG) announced today that it appointed Ling Liu as chief region leader of Philips Greater China, effective immediately. Liu joined the company’s executive committee as well, reporting to CEO Roy Jakobs. She succeeds Andy Ho, who retired from his post. Ho plans to work with Liu to ensure a smooth transition. “Ling is a […]
Philips is downsizing Respironics operations in Pennsylvania
Royal Philips (NYSE: PHG) announced this week that it is shuttering its Respironics business’ Pittsburgh headquarters and slashing hundreds of manufacturing jobs in the region. In a statement shared with local media, the Dutch medtech giant said it will exit its headquarters building in Bakery Square in Pittsburgh, moving 500 jobs to nearby facilities in […]
How Philips’ significant respiratory devices recall unfolded
There are 5.5 million recalled CPAPs and other devices — and reports of deaths. Here’s a Philips recall timeline. Philips in mid-2021 kicked off a recall that involved millions of CPAP and BiPAP ventilators and other respiratory devices. The devices — used for sleep apnea therapy and more — had sound abatement foam that could […]
The latest AI-powered cardiology devices you need to know
Artificial intelligence is increasingly becoming integral in advancing medtech, including devices to treat heart disease. Think AI-powered cardiology. AI-driven technologies could improve diagnostic capabilities, patient outcomes and clinical workflows. These technologies leverage machine learning algorithms and vast datasets to provide more accurate diagnoses and patient care. In cardiology, AI-powered devices are changing how heart conditions […]
Philips wins FDA nod for new mobile C-arm
Philips (NYSE:PHG) announced today that it launched its now FDA-cleared Zenition 90 motorized mobile C-arm system. The Amsterdam-based medtech giant unveiled its image-guided therapy mobile C-arm system 9000, featuring Zenition 90. This new mobile C-arm features expanded capabilities aimed at meeting complex vascular needs. It also works with a range of clinical procedures, such as […]
Philips launches Duo venous stent system with FDA approval
Philips today announced the first implant of its Duo venous stent system following FDA premarket approval. Duo, an implantable medical device, treats symptomatic venous outflow obstruction in patients with chronic venous insufficiency (CVI). Amsterdam-based Philips added Duo to its portfolio when it acquired Vesper Medical in 2021. On June 11, Dr. Erin Murphy of the […]
Philips wants to transform cardiac diagnostics with Cardiac Workstation
Philips wants to transform clinical decision-making in cardiology by launching its new Cardiac Workstation. The new cardiac care platform uses advanced algorithms to access, analyze, and manage electrocardiograph (ECG) data remotely or at the point of care. Philips’ technology builds on the cardiograph to help improve diagnostic cardiology by streamlining data collection and reducing administrative […]
Philips unveils new AI-powered cardiovascular ultrasound
Philips today announced a new, FDA-cleared, next-generation AI-enabled cardiovascular ultrasound platform. Amsterdam-based Philips designed the platform to speed up cardiac ultrasound analysis with proven AI technology. This aims to reduce the burden on echocardiography labs. It integrated the AI into its EPIQ CVx and Affiniti CVx ultrasound systems. The FDA-cleared AI applications advance the company’s […]
Philips warns on more BiPAP ventilators in Europe, reports 7 deaths related to issue
Philips issued an urgent field safety notice in Europe to warn of issues with some of its bi-level positive airway pressure (BiPAP) ventilators. The company’s notice said it received 888 complaints regarding interruptions and/or loss of therapy with several BiPAP devices. The list includes the BiPAP A30, A30 EFL, A30 Hybrid, A40, A40 EFL and […]
Philips prices $758.6M offering, expands access to intracardiac echocardiography
Philips announced that it priced an offering worth $758.6 million (€700 million) in fixed-rate notes. The notes, due in 2032, fall under the Philips European Medium Term Note (EMTN) program. Issuance will have a debt-neutral effect, with proceeds earmarked for the repayment of debt in 2024 and 2025. This follows last year’s pricing of a […]
