PHG Stock Recent News

Amsterdam, the Netherlands – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced the introduction of the 160cm FDA approved version of its unique LumiGuide endovascular navigation wire. This enhanced LumiGuide guidewire, which utilizes the company's breakthrough Fiber Optic RealShape (FORS) technology, was used for the first time on a patient by Professor and vascular surgeon Carlos Timaran, MD, an internationally recognized expert in advanced endovascular techniques. He used the technology during a complex aortic aneurism repair operation, marking the 1000th patient treated milestone using FORS technology since first clinical use of the technology in 2020. The introduction of a longer FORS-enabled LumiGuide Navigation Wire enables US clinicians to visualize a broader range of catheters and expands usage of this technology to patients in America treated in centers equipped with LumiGuide.

Polarean Imaging PLC (AIM:POLX, OTC:PLLWF) has appointed Alan Huang, formerly of Philips Healthcare, as the firm's new sales vice president. Having served at Philips for 12 years and as its MRI business units' North American head most recently, Huang joins Polaren following over a year of collaboration between the two firms.

Dublin, Sept. 02, 2024 (GLOBE NEWSWIRE) -- The "Vertical Farming Market - Forecasts from 2024 to 2029" report has been added to ResearchAndMarkets.com's offering. The vertical farming market is estimated to grow from US$9.742 billion in 2024 to US$18.690 billion in 2029 at 13.92% (CAGR). The increasing need for food to feed the population will increase the demand for vertical farming since it is possible to grow fruits and vegetables all year given in different weather & climates at lower labor and raw material costs. Major economies globally are investing in such technology, which has led to the implementation of various vertical farming projects.

Philips (PHG) extends its partnership Isala hospital to optimize the latter's healthcare processes, expanding its customer base.

August 13, 2024 Amsterdam, The Netherlands – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, and Isala hospital (Zwolle, The Netherlands) have renewed their long-term strategic partnership to enhance healthcare delivery through innovative and cost-effective solutions. This collaboration aims to ensure healthcare remains accessible, available, and affordable by leveraging Philips' advanced technology, data analytics, and AI.

August 5, 2024 Amsterdam, the Netherlands – Royal Philips (NYSE: PHG, AEX: PHIA) today announced that it will repurchase shares for an amount of up to EUR 125 million to cover certain of its obligations arising from its long-term incentive plans. At the current share price, this represents a total of approximately 4.8 million shares.

Philips' (PHG) second-quarter results benefit from strong momentum across the Diagnosis & Treatment, Connected Care and Personal Health businesses.

Philips CEO Roy Jakobs talks through the firm's second-quarter earnings and how the settlement in the U.S. linked to the recall of some sleep apnea devices, will enable the firm to focus on bringing innovations to the market.

We recap the Q2 earnings report from Philips highlighted by comparable sales growth and a rebound in new orders. The company is settling litigation related to the global safety recall of its defective respiratory sleep apnea products. Improving financials and declining uncertainties support a positive outlook for the stock.

Koninklijke Philips N.V. (NYSE:PHG ) Q2 2024 Earnings Conference Call July 29, 2024 4:00 AM ET Company Participants Leandro Mazzoni - Head of Investor Relations Roy Jakobs - Chief Executive Officer Abhijit Bhattacharya - Chief Financial Officer Conference Call Participants Hassan Al-Wakeel - Barclays Richard Felton - Goldman Sachs David Adlington - JPMorgan Veronika Dubajova - Citi Hugo Solvet - Exane BNP Paribas Julien Ouaddour - Bank of America Robert Davies - Morgan Stanley Sezgi Ozener - HSBC Falko Friedrichs - Deutsche Bank Ed Ridley-Day - Redburn Operator Welcome to the Royal Philips Second Quarter and Semiannual 2024 Results Conference Call on Monday, July 29, 2024.