Koninklijke Philips N.V. ADR (PHG) News
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PHG News Highlights
- For PHG, its 30 day story count is now at 11.
- Over the past 11 days, the trend for PHG's stories per day has been choppy and unclear. It has oscillated between 1 and 2.
- DRUG, CEI and APP are the most mentioned tickers in articles about PHG.
Latest PHG News From Around the Web
Below are the latest news stories about KONINKLIJKE PHILIPS NV that investors may wish to consider to help them evaluate PHG as an investment opportunity.
Philips recalls MRI machines due to risk of explosionThe Food and Drug Administration labeled the recall as a Class I event. There has been one report of a machine exploding in the 22 years the system has been in use. |
Resmed posts notice about risk of mask magnets interfering with medical implantsLike its rival Philips, Resmed has determined that patients should not wear magnetized masks near some implants. |
Philips recalls some imaging machines on explosion concernsRoyal Philips (PHG) is recalling about 150 MRI machines in the US on concerns of explosion risks caused by a buildup of helium gas. The medical device company says it has inspected about 95% of the recalled machines in the US and plans to complete the rest of the inspections shortly. Shares of Royal Philips fell about 1%. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. |
UPDATE 1-US FDA identifies recall of Philips medical imaging devices as most seriousThe U.S. Food and Drug Administration (FDA) on Wednesday classified the recall of Philips' medical imaging devices as most serious as their use could cause serious injuries or death. Philips was recalling some models of the Panorama 1.0T HFO device in the U.S. due to risk of explosion during a "quench procedure" caused by excessive buildup of helium gas. During the procedure, a large amount of helium evaporates and is allowed to pass out through a venting system. |
US FDA identifies recall of Philips medical imaging devices as most seriousThe U.S. Food and Drug Administration (FDA) on Wednesday classified the recall of Philips' medical imaging devices as most serious as their use could cause serious injuries or death. The Dutch medical devices maker started the process on Nov. 30 this year and has recalled 150 devices in the United States. Philips was recalling some models of the Panorama 1.0T HFO device in the U.S. due to risk of explosion during a "quench procedure" caused by excessive buildup of helium gas. |
Philips completes cancellation of 15.1 million sharesDecember 19, 2023Amsterdam, the Netherlands – Royal Philips (NYSE: PHG; AEX: PHIA) today announced that it has completed the cancellation of 15,134,054 of its shares. The cancelled shares were acquired as part of the EUR 1.5 billion share repurchase program for capital reduction purposes that was announced on July 26, 2021. Philips will complete the share repurchase program in April 2024, which is expected to result in a further cancellation of 4.4 million shares in Q2 2024. Philips’ current iss |
Royal Philips (PHG) is a Top-Ranked Momentum Stock: Should You Buy?Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores. |
Michigan Department of Health and Human Services Expands Philips Avent Pregnancy+ Program; Nearly 80% of Users Say App Has Helped Them Learn More About Locally Available Maternal Health ResourcesCAMBRIDGE, Mass. & LANSING, Mich., December 14, 2023--Medicaid-eligible Michigan families will now be able to access new and premium content in the Philips Avent Pregnancy+ mobile app, as the Michigan Department of Health and Human Services (MDHHS) has extended its contract with Royal Philips, (NYSE: PHG, AEX: PHIA) a global leader in health technology. |
In wake of Philips recall, senators urge review of FDA medical device oversightSens. Richard Durbin and Richard Blumenthal said the sleep apnea device maker “did nothing” while patients suffered. |
Philips Earns High Score for Fifth Time in Human Rights Campaign Foundation’s 2023-2024 Corporate Equality IndexCAMBRIDGE, Mass., December 12, 2023--Royal Philips (NYSE: PHG, AEX: PHIA) a global leader in health technology, has received a score of 90 out of 100 on the Human Rights Campaign Foundation’s 2023-2024 Corporate Equality Index (CEI), the nation’s foremost benchmarking survey and report measuring corporate policies and practices related to LGBTQ+ workplace equality. Philips joins 1,384 major U.S. businesses that were also ranked in the 2023-2024 CEI. |