Royal Philips (NYSE:PHG) said today it acquired U.K.-based Remote Diagnostic Technologies for an undisclosed amount. Remote Diagnostic Technologies develops cardiac therapy, data management and monitoring solutions for the pre-hospital market, and has a portfolio of connected emergency care solutions that Amsterdam-based Philips said will complement its therapeutic care biz. “We are committed to investing in and expanding […]
7 medtech stories we missed this week: June 8, 2018
From Royal Philips receiving FDA clearance to NeuroPace launching its epilepsy treatment device, here are seven medtech stories we missed this week but thought were still worth mentioning. 1. FDA clears Philips’s Ingenia Elition 3.0T MR scanner Royal Philips announced in a June 5 press release that it has received FDA 510(k) clearance for its Ingenia […]
Philips to acquire EPD solutions in $293m upfront deal
Royal Philips (NYSE:PHG) said today it inked a deal to acquire image-guided cardiac arrhythmia treatment dev EPD Solutions for $293 million (EU €250 million) upfront with a possible additional $246.2 million (EU €210 million) upon completion of the deal based on certain milestones. EPD Solutions produces cardiac imaging and navigation systems designed to aid electrophysiologists in navigating […]
Philips, AHA, UPMC launch $30m heart-focused venture fund
Royal Philips (NYSE:PHG) said late last week it is joining with the American Heart Association and UPMC to launch a $30 million heart-focused collaborative venture capital fund. The newly formed Cardeation Capital fund will support innovation in products for treating heart disease and stroke care. The fund will be managed by Aphelion Capital, with each major […]
Layoffs begin for Philips Healthcare at Cleveland plant
Layoffs are under way in Cleveland at a manufacturing plant run by healthcare business at Royal Philips (NYSE:PHG), with a total of 144 positions cut in February and April. Some 382 of the company’s 850 Cleveland-area jobs will ultimately be eliminated at the plant, which makes computed tomography scanners, a spokesman told Cleveland.com. The Dutch healthcare giant said […]
Philips gains on Q1 results
Royal Philips (NYSE:PHG) shares closed up today in Amsterdam and had gained nearly 5% on Wall Street after the Dutch healthcare conglomerate reported better-than-expected profit numbers for the first quarter. Philips posted profits of €124 million ($151.5 million), or €0.13 per share, on sales of €3.94 billion ($4.81 billion), for a bottom-line slide of -52.1% compared with Q1 […]
Philips inks collab software integration deal with Sun Nuclear
Royal Philips (NYSE:PHG) said today it inked a collaborative deal with Sun Nuclear to integrate its PlanIQ software into Philips’ Pinnacle 16.2 auto-planning software. Amsterdam-based Philips said that the PlanIQ software is designed to provide clinicians with patient-specific goals and treatment plans for oncology treatments, adding that integration with its Pinnacle auto-planning software will improve the efficiency […]
Philips warns on imaging system vulnerabilities
Royal Philips (NYSE:PHG) recently released information on possible vulnerabilities in its iSite and IntelliSpace picture archiving and communications system, warning that the vulnerabilities could compromise patient confidentiality and system integrity. The Amsterdam-based company said that under specific conditions, vulnerabilities it identified “could impact or potentially compromise patient confidentiality, system integrity and/or system availability,” according to a company […]
Second Sight Medical taps Blake as CFO | Personnel Moves – March 27, 2018
Second Sight Medical (NSDQ:EYES) said last week it named John Blake as its new chief financial officer, succeeding Thomas Miller who has held the position since 2014. Before joining Second Sight Medical, Blake acted as finance senior VP at Tyr Pharma, and has held positions with Volcano Corp and BD Biosciences, the company said. Blake worked with […]
Philips launches tele-ultrasound system for Lumify platform
Royal Philips (NYSE:PHG) said today it launched a tele-ultrasound equipped version of its Lumify portable ultrasound designed to work with compatible smart devices and developed through a partnership with Innovative Imaging Technologies. The system is powered by IIT’s Reacts collaborative platform, and is designed to allow remote clinicians to connect through the Lumify system, streaming audio, video […]
FDA tags closing Philips plant for mishandling adverse event reports
Updated to reflect that the FDA document was a Form 483, not a warning letter, and to include commentary from a Philips spokesperson. The FDA recently released a Form 483 it sent to Royal Philips (NYSE:PHG) over issues it found with a Cleveland, Ohio-based plant the company plans to close, citing numerous mishandled adverse event reports […]
- 1
- 2
- 3
- …
- 36
- Next Page »
MassDevice Network
@MassDevice
LinkedIn
Google+