Philips (PHG) Receives FDA Warning Letter Regarding CT Systems [Yahoo! Finance]
Koninklijke Philips N.V. NY Registry Shares (PHG)
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Source: Yahoo! Finance
The FDA found that the devices are "adulterated" after investigating the Suzhou, China, manufacturing plant. The inspection was conducted from Oct 23 to Oct 26, 2023. On Feb 23, 2024, Philips received a letter detailing the faults in the computed tomography (CT) systems manufacturing. Price Performance For the past six months, PHG's shares have gained 12% compared with the industry's rise of 19.8%. The S&P 500 increased 22.9% in the same time frame. Image Source: Zacks Investment Research More on the Violations The letter from the FDA listed two violations. The first point made was that the kind and degree of control that was to be exerted over the goods, services, vendors, contractors, and advisors was not sufficiently defined. The agency claimed that Philips was negligent in assuring the injection molding procedure that the provider of the Philips Incisive CT PIM data cable utilized was validated. After receiving 64 complaints about connection problems, Philips changed
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News
- Philips shareholders approve all proposals at the AGM 2024GlobeNewswire
- Philips Avent Supports March of Dimes' It Starts With Mom Initiative to Help New Moms Access Resources to Prioritize their Health and Well-being [Yahoo! Finance]Yahoo! Finance
- Philips Avent Supports March of Dimes' It Starts With Mom Initiative to Help New Moms Access Resources to Prioritize their Health and Well-beingPR Newswire
- Increasing Demand for Remote Patient Monitoring to Drive the Growth of the Tele-intensive Care Unit Market; says TN, The Niche Research [Yahoo! Finance]Yahoo! Finance
- Koninklijke Philips (NYSE: PHG) was upgraded by analysts at BNP Paribas from an "underperform" rating to a "neutral" rating.MarketBeat
PHG
Earnings
- 1/29/24 - In-Line
PHG
Sec Filings
- 4/29/24 - Form 6-K
- 3/22/24 - Form 6-K
- 2/28/24 - Form 6-K
- PHG's page on the SEC website