As the second anniversary of the Respironics recall nears, no end is in sight for the problems that have affected millions of patients. Royal Philips' class action litigation and political pressure ...

Investor lawyers are again calling for a deep investigation into Royal Philips, warning that a repeat of the company’s ...

Shares of Royal Philips fell sharply after the U.S. Food and Drug Administration said it is unsatisfied with the status of the company’s recall of devices to treat sleep apnea and asked for additional ...

Jan. 30 (UPI) --Dutch medical device maker Royal Philips announced Monday it will lay off 6,000 employees worldwide, half of those by the end of this year. Philips said 3,000 of the cuts will be made ...

Technology company Philips plans to cut an estimated 5% of its workforce, about 4,000 positions, due to losses caused by the recall of a sleep apnea product as well as supply chain issues, according ...

Masimo, a lead developer of patient sensing and monitoring technology, has expanded its two decade long partnership with Royal Philips. The two have also renewed their partnership for several more ...

Royal Philips NV said new tests on its recalled sleep apnea products showed the vast majority of the devices are unlikely to cause considerable health damage to patients. Exposure to degraded foam in ...

Royal Philips NV agreed with the U.S. FDA to the terms of a consent decree focused on its Respironics business, following the recall of millions of its devices over the last few years. Although the ...

Health technology company Royal Philips announced it received FDA 510(k) clearance for its latest image-guided navigation system for prostate cancer. The UroNav system features an annotation workflow ...

Shares of medical giant Philips surged Monday after the company announced that it paid over a billion dollars to settle personal injury claims tied to its recalled sleep apnea devices. Philips ...

Royal Philips (NYSE: PHG) is promising a turnaround from its bottom-line woes, which began with one of the largest medical devices recalls in recent history. The recall is a high-profile problem that ...