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
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 […]
Philips begins ePatch ambulatory cardiac monitoring service rollout in Spain
Philips announced today that it began a rollout of its ambulatory cardiac monitoring service in Spain. The service utilizes the Philips wearable ePatch paired with the company’s AI-driven Cardiologs analytics platform. Fourteen Spanish healthcare providers now use the ePatch extended-wear Holter monitors to detect arrhythmias like AFib. Philips acquired ePatch through its $2.5 billion acquisition of […]
The top stories out of Heart Rhythm Society 2024
Once again, the top players in cardiac care gathered en masse as Heart Rhythm Society (HRS) 2024 took place in Boston last week. From implantable rhythm management devices to AI-powered monitoring and diagnostic technology, Heart Rhythm 2024 had it all. Once again, pulsed field ablation (PFA) took center stage as companies continue to build on […]
Philips has positive AI-powered cardiac monitoring data
Philips today announced retrospective study results highlighting the benefits of its AI-powered cardiac care. Findings from three studies highlighted the role of mobile cardiac monitoring technology in the early detection of adverse cardiac events. Results also demonstrate how the detection enables potentially life-saving interventions and helps reduce readmissions and lower costs. The company plans to […]
Philips is working through another serious ventilator recall
The FDA said today that a Philips recall of Trilogy Evo continuous ventilators is Class I, its most serious level of recall. Philips voluntarily initiated the recall in March; the company said that the FDA has had it under a Class I designation since April 17. According to the FDA, the recall involves 90,905 Trilogy […]
Elekta to acquire Philips’ radiation treatment planning portfolio
Elekta recently announced that it will purchase Philips Healthcare’s Pinnacle Treatment Planning System (TPS) patent portfolio. Financial terms of the deal were not disclosed in the May 3 news release. Stockholm-based Elekta said the deal bolsters its position in treatment planning as it seeks to be the innovation leader in radiation therapy. By integrating the […]
Philips stock skyrockets on positive outlook, $1.1B Respironics settlement in spite of Q1 misses
Philips shares got a huge boost today despite first-quarter results that fell shy of the consensus forecast on Wall Street. Investors appeared to react positively to recent updates on the company’s long-running Respironics recall. Shares of PHG rose more than 35% to $28.50 apiece in early-morning trading today. MassDevice’s MedTech 100 Index — which includes […]
Philips gets judge’s OK to settle Respironics recall economic losses
Philips will pay at least $613 million to settle economic lawsuits related to its recall of millions of CPAPs and other respiratory devices. U.S. District Court Judge Joy Flowers Conti, who has been overseeing the multidistrict litigation out of her court in Western Pennsylvania, approved the final settlement yesterday. “The amount of value created and […]
