koninklijke philips nv - PHG

Philips Respironics announced that it agreed to pay over a billion dollars to settle claims stemming from the 2021 U.S. recall of its sleep therapy devices.

Philips put over 12,800 Philips Avent digital video baby monitors under recall in response to a possible burn hazard. Parents should avoid further use of the affected devices, the CPSC said.

Philips has issued a recall for select sleep apnea machines and ventilators over concerns that a foam component may disintegrate and be inhaled by the user possibly causing health issues including toxic and carcinogenic effects.