Philips and Philips Respironics will pay $1.1 billion to settle personal injury litigation in the United States in connection to the issues over its sleep therapy devices.

Philips reaches $479 million settlement over CPAP machine recall 00:23. Dutch medical device maker Philips said Monday it had reached a $1.1 billion deal in the United States to settle lawsuits ...

Medical device company Philips reached a settlement Monday to shell out $1.1 billion to cover hundreds of personal injury lawsuits linked to its respiration and sleep apnea machines.

CPAP sleep apnea machine maker Philips Respironics agreed to pay at least $479 million in a settlement over alleged health risks from toxic sound reducing foam, lawyers for the plaintiff announced ...

For the first quarter of 2024, Philips reported 4.1 billion euros in sales, or about $4.4 billion, for growth of 2.4%. The $1.1 billion settlement provision, or about 982 million euros, wiped out ...

The manufacturer, Philips Respironics, said it would compensate users of CPAP machines and other flawed devices that were recalled after they blew bits of foam into consumers’ mouths and lungs.

Medical device maker Philips announced a nearly $1.1 billion personal injury settlement over some of its CPAP, ventilators and BiPAP machines that were at the heart of a massive recall in 2021.

Under the settlement, Philips Respironics will pay a total of $1.1 billion, with payments expected in 2025, funded from Philips' cash flow generation. Consequently, a 982 million euros provision ...

A Philips Respironics System One unit, used to treat sleep apnea, in 2015. (Jasper Juinen/Bloomberg News) The stock rose some 29% in Amsterdam, its largest increase on record. The data goes back ...

Philips Respironics paid $2.4 million to settle allegations that it gave free masks to sleep labs in an effort to boost prescriptions. Skip to Main Content. FDA. research. education.

Philips Respironics must stop making sleep apnea machines at 3 Pittsburgh-area facilities, court say 02:37. The company responsible for a global recall of sleep apnea machines will be barred from ...