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Philips Awarded Top Honor by Red Dot Jury with Design Team of the Year Award

Philips Awarded Top Honor by Red Dot Jury with Design Team of the Year Award

Amsterdam, the Netherlands, June 21 (Korea Bizwire) – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced that the company’s Experience Design Team has been awarded the honorary title of ‘Red Dot: Design Team of the Year 2022’. The Red Dot design organization awarded the title in recognition of the Philips Experience Design Team’s multidisciplinary approach [...]

Philips to Repurchase Up to 3.2 Million Shares to Cover Long-term Incentive and Employee Stock Purchase Plans

Philips to Repurchase Up to 3.2 Million Shares to Cover Long-term Incentive and Employee Stock Purchase Plans

Amsterdam, the Netherlands, June 13 (Korea Bizwire) – Royal Philips (NYSE: PHG, AEX: PHIA) today announced that it will repurchase up to 3.2 million shares to cover certain of its obligations arising from its long-term incentive and employee stock purchase plans. At the current share price, the shares represent an amount of up to approximately EUR 68 [...]

Philips Announces Positive Three-year Clinical Research Results from Its Tack Optimized Balloon Angioplasty (TOBA) II Below-the-knee (BTK) Clinical Trial

Philips Announces Positive Three-year Clinical Research Results from Its Tack Optimized Balloon Angioplasty (TOBA) II Below-the-knee (BTK) Clinical Trial

Amsterdam, the Netherlands, June 13 (Korea Bizwire) – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced the latest results from the Tack Optimized Balloon Angioplasty (TOBA) II below-the-knee (BTK) clinical trial, demonstrating that the Philips endovascular system – Tack (4F) – the first and only device of its kind approved by [...]

Philips’ Future Health Index 2022 Report Shows Healthcare Leaders are Rebooting Priorities as They Emerge from the Pandemic

Philips’ Future Health Index 2022 Report Shows Healthcare Leaders are Rebooting Priorities as They Emerge from the Pandemic

Amsterdam, The Netherlands, June 8 (Korea Bizwire) – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced the publication of its Future Health Index (FHI) 2022 report: ‘Healthcare hits reset: Priorities shift as healthcare leaders navigate a changed world’. Now in its seventh year, the Future Health Index 2022 report, based on proprietary research [...]

Philips Announces Exchange Ratio for 2021 Dividend

Philips Announces Exchange Ratio for 2021 Dividend

Amsterdam, the Netherlands, June 7 (Korea Bizwire) – Royal Philips (NYSE: PHG; AEX: PHIA) today announced that the exchange ratio for the dividend in shares for the year 2021 has been determined. The exchange ratio is 1 new common share for every 27.3184 existing common shares. This ratio was based on the volume weighted average price on [...]

Willem Appelo to Succeed Sophie Bechu as Philips’ Chief Operations Officer

Willem Appelo to Succeed Sophie Bechu as Philips’ Chief Operations Officer

Amsterdam, the Netherlands, June 7 (Korea Bizwire) – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced that Willem (Wim) Appelo will join Philips’ Executive Committee, effective July 18, 2022, and succeed Sophie Bechu as Chief Operations Officer per October 1, 2022. Mr. Appelo will report to Philips CEO Frans van Houten [...]

Philips Foundation Publishes its 2021 Annual Report

Philips Foundation Publishes its 2021 Annual Report

Amsterdam, the Netherlands, May 25 (Korea Bizwire) – Philips Foundation, with its mission to provide access to quality healthcare for underserved communities through meaningful innovation, today  announced the publication of its 2021 Annual Report. The report highlights 24 projects initiated by Philips Foundation in collaboration with NGOs, government organizations, and community groups in 2021 that helped deliver better [...]

Philips Showcases Ultra-low Contrast PCI Solutions at EuroPCR 2022

Philips Showcases Ultra-low Contrast PCI Solutions at EuroPCR 2022

Amsterdam, the Netherlands, May 16 (Korea Bizwire) – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, is showcasing innovations at EuroPCR (May 17-20, Paris, France) that can enable interventionists to perform ultra-low contrast percutaneous coronary intervention (ULC-PCI) procedures with greater confidence and clarity. Philips’ ULC-PCI solutions co-register instantaneous blood flow measurements and/or intravascular ultrasound (IVUS) [...]

New Release of Philips EchoNavigator Helps Interventional Teams Treat Structural Heart Disease with Greater Ease and Efficiency

New Release of Philips EchoNavigator Helps Interventional Teams Treat Structural Heart Disease with Greater Ease and Efficiency

Amsterdam, the Netherlands, May 16 (Korea Bizwire) – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced at EuroPCR (17 – 20 May 2022, Paris, France) the international launch of EchoNavigator 4.0 [1], the new release of its advanced image-guided therapy solution for the treatment of structural heart disease. EchoNavigator 4.0 gives users of [...]

Philips Annual General Meeting of Shareholders Approves Dividend and Other Proposals Made to Shareholders

Philips Annual General Meeting of Shareholders Approves Dividend and Other Proposals Made to Shareholders

Amsterdam, the Netherlands, May 10 (Korea Bizwire) – Royal Philips (NYSE: PHG, AEX: PHIA) announced that today’s Annual General Meeting of Shareholders (2022 AGM) has approved the company’s proposed dividend of EUR 0.85 per share over 2021, and appointed Mrs. Herna Verhagen and Mr. Sanjay Poonen and re-appointed Dr. Paul Stoffels and Dr. Marc Harrison as members [...]