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According to Philips, the troubled division of Respironics, which suffered fromtherecall of 5.5 millionventilators, suffered non-cash losses of €1.3 billion in the third quarter of 2022. Philips reported a decline in revenue for all of its divisions in the third quarter of 2022 ...
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“We expect to recall approximately 24,400 CPAP and BiPAP devices regarding the initial recall,” a company official had said to Korea Biomedical Review.” Philips Respironics has already shipped more than 21,000 repair kits to Korea.” Philips Korea is conducting the recall process following rele...