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Philips Shares Slump After Update On Recall Of Respiratory, Sleep Devices

Philips Shares Slump After Update On Recall Of Respiratory, Sleep Devices

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Koninklijke Philips NV (NYSE: PHG) said it is in discussions with the FDA after a new inspection of one of its facilities. Philips in September estimated it would replace up to 4 million ventilators and respiratory devices because of a polyurethane foam part that might degrade and become toxic.

...read full article on Benzinga

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