Tag: Apnea

Philips Posts Record Surge After US Sleep Apnea Settlement

(Bloomberg) — Royal Philips NV shares soared by a record after a lower-than-expected settlement on US claims linked to faulty sleep apnea devices, stoking hopes the manufacturer has moved past concerns that have dogged it for the past three years. Most Read from Bloomberg The stock surged as much as 47% in Amsterdam following the […]

Maker of recalled sleep apnea machines agrees to halt sales in US

WASHINGTON (AP) — The company behind a global recall of sleep apnea machines said Monday it will stop selling the devices in the U.S., under a tentative agreement with regulators that could cost the manufacturer nearly $400 million. Device maker Philips has recalled more than 5 million pressurized breathing machines due to risks that their […]