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Respironics, Inc.

http://www.respironics.com

Latest From Respironics, Inc.

Philips To Pay $28M In Two Separate False Claims Act Settlements

The settlements include $24m for alleged kickbacks paid by the subsidiary formerly known as Respironics, as well as $4.2m for selling devices to the US military that weren’t certified for use in the air.

Enforcement Regulation

Recalls And Multiple Market Challenges Test Philips’ Resilience Into Q1

Philips’ revenues contraction in the first quarter of 2022 was less than feared and its order book remains impressive, but challenges presented by the recall program and generic post-COVID factors for the year ahead remain substantial.

Commercial Sales & Earnings

Philips CEO Finds Comfort In Solid Product Demand As Triple Headwind Blows In

Frans van Houten has promised a summer update on Royal Philips’ medium-term outlook after the company was hit from all sides in late 2021. He expects the resulting headwinds to persist into early 2022.

Recalls Medical Device

Finance Watch: One Small Pain Drug Maker And Three Biotech SPACs Launch IPOs

After a brief lull in US initial public offerings, PainReform and three special purpose acquisition companies kicked off September’s IPOs. Also, Immunovant offering grossed $173.9m, Carlyle Group bought 5% stake in China’s Salubris and Erasca increased its series B to $236m. 

Financing Growth
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    • Philips
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