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Philips Delivers Q1 Sales of EUR 3.8 Billion, with 9% Comparable Sales Growth; Net Income Amounts to EUR 40 Million and Adjusted EBITA Margin Improves 390 Basis Points to 9.5%

Amsterdam, the Netherlands, April 26 (Korea Bizwire) – First-quarter highlights Following the agreement to sell the Domestic Appliances business to global investment firm Hillhouse Capital, this business is reported as a discontinued operation as of Q1 2021. Consequently, sales and results from the Domestic Appliances business are no longer included in the results of continuing [...]

Five-year Patient-level Meta-analysis of ILLUMENATE EU RCT and Pivotal Study Results Confirms Safety Profile of Philips Stellarex .035” Low-dose Drug-Coated Balloon

Amsterdam, the Netherlands, April 20 (Korea Bizwire) – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced the five-year patient-level meta-analysis of two major randomized controlled trials (RCTs). The findings, which represent the highest level of the evidence pyramid [1], confirm the long-term safety of the Philips Stellarex Drug-Coated Balloon (DCB). The [...]

Philips Produces One Hundred Millionth Blade for its OneBlade, the Product that Disrupted the Grooming Market

Amsterdam, the Netherlands, April 20 (Korea Bizwire) – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced the production of its one hundred millionth OneBlade blade. This impressive milestone is testament to the success of the collaborative effort put in by Philips’ grooming innovation team in the Netherlands, who teamed up with other [...]

Philips Installs Leading Digital Imaging Solutions at New Central Acute Services Building of Westmead Hospital in Sydney Australia

Amsterdam, the Netherlands and Sydney Australia, April 19 (Korea Bizwire) – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, has announced the successful installation of its most advanced digital diagnostic and interventional neurovascular imaging solutions in the brand new Central Acute Services Building at Westmead Hospital (Sydney, Australia). Fast-tracked under the New South [...]

Philips Showcases Impact of Tele-ultrasound Advancing Precision Diagnosis at AIUM Virtual Event

Amsterdam, the Netherlands, April 9 (Korea Bizwire) – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced its participation in the upcoming Annual Integrative Ultrasound Meeting (AIUM) virtual event, April 11-14, hosted by the American Institute of Ultrasound in Medicine. The company will spotlight its latest advanced tele-ultrasound solutions, extending access and [...]

Philips and Ibex Medical Analytics Team to Accelerate Adoption of AI-powered Digital Pathology

Amsterdam, The Netherlands and Tel Aviv, Israel, April 8 (Korea Bizwire) – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, and Ibex Medical Analytics, a pioneer in artificial intelligence (AI) based cancer diagnostics, today announced a strategic collaboration to jointly promote their digital pathology and AI solutions to hospitals, health networks and pathology labs [...]

Philips SmartCT 3D Image Acquisition, Visualization and Measurement Software for its Azurion Image Guided Therapy System Receives FDA 510(k) Clearance

Intuitive, table-side touchscreen control offers interventionalists enhanced diagnostic confidence and streamlined workflows [1] Full control of image acquisition and analysis from within the sterile zone helps to avoid procedure disruption, saving time and allowing interventionalists to stay focused on their patients Amsterdam, the Netherlands, April 6 (Korea Bizwire) – Royal Philips (NYSE: PHG, AEX: PHIA), a global [...]

Philips and NHS Implement the First Regional Data Integration Hub for UK’s National COVID-19 Chest Imaging Database

Amsterdam, the Netherlands and Guildford, United Kingdom, March 31 (Korea Bizwire) – Royal Philips (NYSE: PHG, AEX: PHIA), today announced it has supported the NHS’ Cheshire and Merseyside consortium [1] to become the first regional hub supplying the United Kingdom’s National COVID-19 Chest Imaging Database (NCCID). The NCCID is a centralized database containing X-Ray, CT and MRI [...]

Philips Receives High Score for its ESG Practices from S&P Global Ratings

Amsterdam, the Netherlands, March 30 (Korea Bizwire) – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced that its strategy to do business responsibly and sustainably has been validated by S&P Global Ratings. Evaluated across the Environmental, Social and Governance (ESG) dimensions of S&P Global Ratings’ assessment, Philips received a score of [...]

Philips Partners with Orbita to Develop Conversational Voice and Chatbot Applications to Complement its Telehealth Solutions

Amsterdam, the Netherlands and Boston, U.S., March 29 (Korea Bizwire) – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, and Orbita Inc., an innovative provider of conversational artificial intelligence (AI) solutions for healthcare, today announced a partnership agreement to co-create next-generation conversational virtual assistants for Philips’ consumer health and patient support applications. The joint [...]