Over 48,000 reports of faulty Philips' ventilators and respiratory



8/16/2022, 11:27:36 PM

Reuters reports The U.S. Food and Drug Administration said it had received more than 48,000 reports of faulty Dutch medical equipment maker Philips' (PHG.AS) ventilators and respiratory devices between May and July, including 44 deaths. Philips CEO Frans van Houten will step down and would be replaced in October by Roy Jakobs, who heads its Connected Care amid a massive product recall that has halved its market value over the past year. https://reut.rs/3JZl1qn