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Philips Introduces First At-home, 12-lead ECG Integrated Solution for Decentralized Clinical Trials

Philips Introduces First At-home, 12-lead ECG Integrated Solution for Decentralized Clinical Trials

Amsterdam, the Netherlands, Jan. 26 (Korea Bizwire) – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced the introduction of the industry’s first full-service, at-home, 12-lead electrocardiogram (ECG) solution for use in decentralized clinical trials. The clinical-grade solution is the most advanced patient-centric ECG offering within the company’s cardiac monitoring portfolio, pairing data [...]

Philips Delivers Q4 Sales of EUR 4.9 Billion and Income from Continuing Operations of EUR 139 Million; Adjusted EBITA Margin Amounts to 13.1%, Operating Cash Flow is EUR 720 Million; Good Demand Drives Mid-single-digit Order Intake Growth

Philips Delivers Q4 Sales of EUR 4.9 Billion and Income from Continuing Operations of EUR 139 Million; Adjusted EBITA Margin Amounts to 13.1%, Operating Cash Flow is EUR 720 Million; Good Demand Drives Mid-single-digit Order Intake Growth

Fourth-quarter highlights Group sales amounted to EUR 4.9 billion, with a 10% comparable sales decline Comparable order intake increased 4%, driven by double-digit growth in the Diagnosis & Treatment businesses Income from continuing operations amounted to EUR 139 million and included an impact of EUR 220 million related to the addition to the Respironics field [...]

Philips Integrates Cloud-based AI and 3D Mapping into its Mobile C-arm System Series – Zenition – to Enhance Workflow Efficiency and Improve Endovascular Treatment Outcomes

Philips Integrates Cloud-based AI and 3D Mapping into its Mobile C-arm System Series – Zenition – to Enhance Workflow Efficiency and Improve Endovascular Treatment Outcomes

Amsterdam, the Netherlands, Jan. 18 (Korea Bizwire) – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced physicians will now have access to advanced new 3D image guidance capabilities through its Image-Guided Therapy Mobile C-arm System – Zenition, delivering enhanced clinical accuracy and efficiency, and aiming to improve the outcomes for patients undergoing [...]

Philips Provides Update on its Financial Performance in Q4 2021

Philips Provides Update on its Financial Performance in Q4 2021

Amsterdam, the Netherlands, Jan. 12 (Korea Bizwire) – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today provided an update on the fourth-quarter 2021 and full-year 2021 financial results. Group sales for the quarter are expected to be approximately EUR 4.9 billion, which is around EUR 350 million lower than Philips’ earlier expectations. [...]

Philips Completes Cancellation of 33.5 Million Shares

Philips Completes Cancellation of 33.5 Million Shares

Amsterdam, the Netherlands, Dec. 29 (Korea Bizwire) – Royal Philips (NYSE: PHG; AEX: PHIA) today announced that it has completed the cancellation of 33.5 million of its shares. Philips’ current issued share capital amounts to EUR 176,779,793.80 representing 883,898,969 common shares. The cancelled shares include 20.5 million shares acquired under the EUR 1.5 billion share repurchase program* [...]

Philips and IJsselland Hospital Sign Long-term Technology Partnership

Philips and IJsselland Hospital Sign Long-term Technology Partnership

Amsterdam, the Netherlands, Dec. 23 (Korea Bizwire) – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced it has signed a 12-year strategic partnership with IJsselland Hospital (Capelle aan den Ijssel, The Netherlands). As the hospital’s strategic technology partner, Philips will target improved care for patients and care providers at IJsselland Hospital and in [...]

Philips Provides Update on the Test and Research Program in Connection with the CPAP, BiPAP and Mechanical Ventilator Recall Notification*

Philips Provides Update on the Test and Research Program in Connection with the CPAP, BiPAP and Mechanical Ventilator Recall Notification*

Amsterdam, the Netherlands, Dec. 23 (Korea Bizwire) – On June 14, 2021, Royal Philips’ (NYSE: PHG, AEX: PHIA) subsidiary, Philips Respironics, initiated a voluntary recall notification* for certain sleep and respiratory care products to address potential health risks related to the polyester-based polyurethane (PE-PUR) sound abatement foam in these devices. Since then, together with certified testing laboratories [...]

Philips Receives FDA De Novo Clearance for IVC Filter Removal Laser Sheath – CavaClear – with Breakthrough Device Designation

Philips Receives FDA De Novo Clearance for IVC Filter Removal Laser Sheath – CavaClear – with Breakthrough Device Designation

Philips IVC Filter Removal Laser Sheath – CavaClear – is intended to safely ablate tissue to remove embedded IVC filters CavaClear is a first-in-class FDA-cleared solution for advanced IVC filter removal It is estimated that in the United States more than one million patients with IVC filters would benefit from filter removal to reduce the [...]

Philips Provides Update on Composition of Its Supervisory Board

Philips Provides Update on Composition of Its Supervisory Board

Amsterdam, the Netherlands, Dec. 14 (Korea Bizwire) – Royal Philips (NYSE: PHG; AEX: PHIA), a global leader in health technology, today announced that its Supervisory Board will propose the appointments of Mrs. Herna Verhagen and Mr. Sanjay Poonen as new members of the Supervisory Board at the Annual General Meeting of Shareholders (AGM), which will be held [...]

Philips to Further Expand Its Image-guided Therapy Devices Portfolio Through Acquisition of Vesper Medical

Philips to Further Expand Its Image-guided Therapy Devices Portfolio Through Acquisition of Vesper Medical

Amsterdam, the Netherlands, Dec. 14 (Korea Bizwire) – Royal Philips (NYSE: PHG; AEX: PHIA), a global leader in health technology, today announced that it has signed an agreement to acquire Vesper Medical Inc., a US-based medical technology company that develops minimally-invasive peripheral vascular devices. Vesper Medical will further expand Philips’ portfolio of diagnostic and therapeutic devices with [...]