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Philips Details Plans to Increase its Hospital Ventilator Production to 4,000 units/week by Q3 2020, and Introduces its New Philips Respironics E30 Ventilator with an Immediate Production of 15,000 units/week

Amsterdam, the Netherlands, April 14 (Korea Bizwire) – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today provided an update on its plans to double the production of its hospital ventilators by May 2020 and achieve a four-fold increase by the third quarter of 2020. This plan builds on Philips’ initial production increase in the [...]

KLM and Philips to Set Up a Special Freight Airlift from Amsterdam to China

Amsterdam, the Netherlands, April 9 (Korea Bizwire) - With the current loss of around 90% of all flights between Europe and Asia, there is a major shortage of freight capacity. At the same time, and precisely because of the crisis surrounding COVID-19, there is a huge requirement to transport medical equipment and other supplies quickly between [...]

Philips and the U.S. Government Collaborate in Ventilator Production Ramp Up to Combat COVID-19 Pandemic

Amsterdam, the Netherlands, April 8 (Korea Bizwire) – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced that the U.S. Government and Philips agreed to team up to increase the production of hospital ventilators in its manufacturing sites in the U.S. Philips plans to double the production by May 2020 and achieve a four-fold increase [...]

Philips Enables Hospitals and GPs to Remotely Screen and Monitor Patients with COVID-19

Amsterdam, the Netherlands, April 1 (Korea Bizwire) – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced that it can help general practitioners and healthcare institutions manage the increased patient flows resulting from the COVID-19 outbreak through a dedicated and scalable telehealth solution that facilitates the use of online screening, follow-up questionnaires and [...]

Philips to Postpone its Capital Markets Day to the Fourth Quarter of 2020

Amsterdam, the Netherlands, March 31 (Korea Bizwire) – In connection with the coronavirus disease (COVID-19) outbreak and related precautionary measures, Royal Philips (NYSE: PHG; AEX: PHIA), a global leader in health technology, today announced that it will postpone its Capital Markets Day – which was scheduled to take place in London (UK) on May 13, 2020 – to [...]

Philips Successfully Prices Offering of Notes for EUR 1 Billion

Amsterdam, the Netherlands, March 25 (Korea Bizwire) – Koninklijke Philips N.V. (“Royal Philips”) (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced the successful pricing of its issue of EUR 500 million fixed rate notes due 2025 and EUR 500 million fixed rate notes due 2030 (together the “Notes”). The net proceeds of [...]

Children’s Hospital of Georgia Uses Philips’ Automated Early Detection and Warning Solution to Improve Pediatric Patient Deterioration Response

Amsterdam, the Netherlands and Augusta, GA, U.S., March 25 (Korea Bizwire) – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced that Children’s Hospital of Georgia has adopted Philips’ automated early detection and warning solution (IntelliVue GuardianSoftware) for pediatrics. This scalable solution, which could be comprised of a combination of patient monitoring, telehealth, [...]

Philips Ramps Up Production of Critical Health Technology Products in Response to COVID-19 Pandemic

Amsterdam, the Netherlands, March 22 (Korea Bizwire) – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced that it is increasing the production of certain critical care products and solutions to help diagnose and treat patients with the new coronavirus disease (COVID-19). The most needed products are patient vital signs monitors and [...]

Statement of Philips CEO Frans van Houten on the COVID-19 Outbreak

Amsterdam, the Netherlands, March 18 (Korea Bizwire) – Frans van Houten, CEO of Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today provided an update on how Philips is addressing the constantly evolving coronavirus disease (COVID-19) outbreak, as its epicenter is shifting from China to the West. COVID-19 is a top priority for Philips and [...]