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Trending: Philips in Final Agreement With DOJ, FDA on Ventilators

1411 ET -- Philips is one of the most mentioned companies in the U.S. across all news items in the last 12 hours, according to Factiva data. The company reached a final agreement with the U.S. Justice Department and Food and Drug Administration on a settlement related to Respironics ventilators. According to the DOJ, Philips is required to stop manufacturing most sleep and respiratory devices at three Pennsylvania facilities until it takes specific measures. The company discussed its progress, including working with the FDA, and said "we now have a clear path forward to gradually restore the business, serving patients around the world." Dow Jones & Co. owns Factiva. (


(END) Dow Jones Newswires

April 10, 2024 14:27 ET (18:27 GMT)

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