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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 [...]

Philips Introduces Fully Integrated Echocardiography Experience, Bringing Together New Transducer Technology, AI-driven Automated Measurements and Remote Access at EuroEcho 2021

Philips Introduces Fully Integrated Echocardiography Experience, Bringing Together New Transducer Technology, AI-driven Automated Measurements and Remote Access at EuroEcho 2021

Amsterdam, the Netherlands, Dec. 9 (Korea Bizwire) – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today expanded its ultrasound portfolio with new robust imaging tools and features for Cardiology to increase diagnostic confidence and workflow efficiency. During its participation in the EuroEcho 2021 Virtual Congress, taking place December 9-11, Philips will showcase how [...]

Philips Receives FDA 510(k) Clearance for Its Most Advanced Acute Patient Monitors

Philips Receives FDA 510(k) Clearance for Its Most Advanced Acute Patient Monitors

Amsterdam, the Netherlands, Dec. 8 (Korea Bizwire) – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced that its Philips Patient Monitors MX750 and MX850 have received 510(k) clearance from the U.S. Food and Drug Administration. Initially cleared for Emergency Use Authorization in 2020, the MX750 and MX850 are Philips’ most advanced patient monitors uniquely designed to support [...]

Philips Again Recognized with Prestigious ‘A’ Score for Its Climate Action Leadership

Philips Again Recognized with Prestigious ‘A’ Score for Its Climate Action Leadership

Amsterdam, the Netherlands, Dec. 7 (Korea Bizwire) – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced that the company has been recognized for its climate action leadership by global environmental non-profit CDP. Thanks to its actions to cut emissions, mitigate climate risks, and develop the low-carbon economy, Philips has secured a place [...]

Philips Expands Augmented Reality Surgical Navigation – ClarifEye – to Two New International Sites with Successful Clinical Outcomes

Philips Expands Augmented Reality Surgical Navigation – ClarifEye – to Two New International Sites with Successful Clinical Outcomes

Amsterdam, the Netherlands, Dec. 1 (Korea Bizwire) – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced that the first patients have been successfully treated using its innovative 3D Augmented Reality (AR) spine navigation solution at Sant Joan de Déu Barcelona Children’s Hospital, Spain, and the Armed Forces Hospital, Oman. For both [...]