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BioWorld - Friday, September 29, 2023
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Home » Philips’ $479M settlement for respiratory devices excludes personal injury claims
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Philips’ $479M settlement for respiratory devices excludes personal injury claims

Sep. 8, 2023
By Mark McCarty
No Comments
Amsterdam-based Royal Philips NV reported that it has come to terms with customers and end users of its respiratory equipment to the tune of $479 million, which will reimburse for the cost of these systems. The problem for the company is that the settlement does not affect any personal injury cases, and thus represents only a partial closure of a controversy that has dogged the company for several years.
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