Royal Philips (NYSE:PHG) said today it launched its IQon spectral CT in Canada, touting it as the world’s 1st and only spectral CT scanner designed specifically for spectral imaging. The company’s newly released device is designed to provide multiple layers of retrospective, diagnostic data through a single, low-dose scan. “The Philips IQon Spectral CT is […]
Philips
Philips settles with Masimo for $300m, inks patient monitoring partnership
Masimo (NSDQ:MASI) said today that Royal Philips (NYSE:PHG) agreed to pay $300 million to resolve all outstanding legal disputes between the companies, with both inking a multi-year patient monitoring partnership deal. The dismissal includes a patent infringement and antitrust suit pending in the U.S. District Court for the District of Delaware, Masimo said. In the agreement, […]
Reshaped Philips targets higher sales and improved margins
(Reuters) – Royal Philips (NYSE:PHG), the healthcare equipment and services company, said it expects 4-6% sales growth and a 1% improvement in margins annually over the next few years. The mid-term guidance is the first issued by the Dutch company since it spun off its lighting division in May, completing a decade-long transformation from an […]
Philips soars on Q3 profit surge
Third-quarter profits surged more than 18% for Royal Philips (NYSE:PHG), sending its share price to a 19-month high as the Dutch conglomerate continues its shift toward healthcare. Philips posted profits of €383 million ($417.3 million) on sales of €5.90 billion ($6.43 billion), for a bottom-line gain of 18.2% on sales growth of 1.1%, compared with […]
Mast Therapeutics inks deal with Philips Respironics for iNeb aerosol delivery device
Mast Therapeutics (NYSE:MSTX) said today that its subsidiary Aires Pharmaceuticals landed a collaborative agreement with Royal Philips (NYSE:PHG) sleep and respiratory care subsidiary Philips Respironics. The agreement covers Philips’ iNeb aerosol drug delivery device and Mast’s lead product candidate, AIR001, a sodium nitrite solution for intermittent inhalation. The iNeb system is a portable, small vibrating mesh technology nebulizer […]
Philips wins FDA nod for Lumify S4-1 transducer
Royal Philips (NYSE:PHG) said today it won FDA 510(k) clearance for an S4-1 cardiac transducer for its Lumify smart-diagnostic ultrasound device. The newly cleared S4-1 transducer is pocket-sized and lightweight, Philips touted, designed to improve sensitivity and provide high-resolution 2D images. “Our vision for smart-device ultrasounds is focused on putting high-quality devices in the hands […]
Royal Philips debuts Volcano tech in Canada
Royal Philips (NYSE:PHG) said today that it debuted its Volcano catheter-based imaging and measurement systems for minimally invasive diagnostics and treatment of cardiovascular disease in Canada. Eighty-five percent of Canadian hospitals use Philips cardiology solutions, according to the Netherlands-based company. Its imaging and navigation systems provide direction for clinicians to guide catheters to an area of interest […]
Philips spectral CT used on T-Rex spine
Royal Philips (NYSE:PHG) said today that researchers at the Naturalis museum in Leiden, Netherlands used its IQon CT scanner to closely examine the tail vertebrae of a 66 million year-old T-Rex named Trix. Philips’ IQon scanner is the 1st detector-based spectral CT, using a dual-layer detector and advanced spectral reconstruction to compose a detailed image. Researchers […]
Elekta, Philips to install MR-linac system at Wisconsin cancer center
Elekta (STO:EKTA B) said it and its MRI tech partner Royal Philips (NYSE:PHG) began installation of an investigational high-field MR-adaptive linear accelerator system at Wisconsin’s Froedtert & MCW Clinical Cancer Center at the Froedtert Hospital. Get the full story at our sister site, Medical Design & Outsourcing.
Philips, Qualcomm ink connected health deal
Royal Philips (NYSE:PHG) and Qualcomm (NASDAQ: QCOM) subsidiary Qualcomm Life said today they inked a collaborative, strategic technology deal aimed at developing connected health solutions. The collaborative deal will partner up Philips’ connected health informatics and regulated health care cloud data tech with Qualcomm Life’s medical-grade device connectivity and integration, the company said. “As the home […]
Philips releases set of connected mobile health tools
Royal Philips (NYSE:PHG) today announced the launch of a series of connected personal health devices , including a health monitoring watch, scale, blood pressure monitor and thermometer, all designed to be integrated into its HealthSuite Health App. The company touted the string of devices, saying they provided “personal, tailored support” for people attempting to develop […]