Philips recalls ventilators due to health risks
Skip to main content
  • Home
  • Economy
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Splash
  • Features
  • Videos
  • Long Read
  • Games
  • Epaper
  • More
    • COVID-19
    • Bangladesh
    • Infograph
    • Interviews
    • Offbeat
    • Thoughts
    • Podcast
    • Quiz
    • Tech
    • Subscribe
    • Archive
    • Trial By Trivia
    • Magazine
    • Supplement
  • বাংলা
The Business Standard
WEDNESDAY, MAY 18, 2022
WEDNESDAY, MAY 18, 2022
  • Home
  • Economy
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Splash
  • Features
  • Videos
  • Long Read
  • Games
  • Epaper
  • More
    • COVID-19
    • Bangladesh
    • Infograph
    • Interviews
    • Offbeat
    • Thoughts
    • Podcast
    • Quiz
    • Tech
    • Subscribe
    • Archive
    • Trial By Trivia
    • Magazine
    • Supplement
  • বাংলা
Philips recalls ventilators due to health risks

World+Biz

Reuters
14 June, 2021, 02:55 pm
Last modified: 14 June, 2021, 03:00 pm

Related News

  • Your kitchen needs the Philips Airfryer
  • Philips launches ‘Fresh Air Mask’ with non-valve filter
  • Singer Bangladesh and Arçelik donates medical ventilators to hospitals
  • Air purifier for home and office
  • bKash hands over 300 more ventilators donated by Chinese organisations

Philips recalls ventilators due to health risks

Philips Chief Executive Frans van Houten said between three and four million sleep apnea machines and ventilators would be targeted

Reuters
14 June, 2021, 02:55 pm
Last modified: 14 June, 2021, 03:00 pm
Dutch technology company Philips' logo is seen at company headquarters in Amsterdam, Netherlands, January 29, 2019. REUTERS/Eva Plevier
Dutch technology company Philips' logo is seen at company headquarters in Amsterdam, Netherlands, January 29, 2019. REUTERS/Eva Plevier

Dutch medical equipment company Philips (PHG.AS) has recalled some breathing devices and ventilators because of a foam part that might degrade and become toxic, potentially causing cancer, it said on Monday.

Foam used to dampen the machines' sound can when it degrades turn into small, inhaled particles, irritating airways, the group said as it announced the recall. Gases released by the degrading foam may also be toxic or carry cancer risks.

Philips Chief Executive Frans van Houten said between three and four million sleep apnea machines and ventilators would be targeted.

The group took a second 250 million euro ($303 million) charge for the issue after announcing an identical provision in its first quarter-earnings report in April, bringing the total cost of the problem to 500 million euros to date. 

Shares in the group were down 4.2% to 44.43 euros by 0757 GMT in Amsterdam.

"We're going to put all our capacity to focus entirely on replacing and repairing these units," Van Houten said in a call. He said the process would likely take a year.

That "has a consequence that we will not be able to serve new customers, so there's going to be a shortage in the field".

The company's guidance is for users of so-called CPAP machines, which help people with sleep apnea, to halt usage. Around two-thirds of Philips CPAP machines are sold in the United States.

Doctors with patients using life-sustaining ventilators should first consider whether the potential danger from the foam outweighs other risks, the company said.

Philips said that though the matter would cause "revenue headwinds" in the division making the devices, that would be compensated by strength in other businesses.

It left its full-year financial guidance of "low-to-mid-single-digit" comparable sales growth unchanged.

Philips spokesman Steve Klink said the company was working with health authorities on a safe replacement for the foam, but must first clear testing and regulatory hurdles.

In April Philips said first-quarter core earnings surged 74% to 362 million euros compared with the same period a year earlier, on a 9% rise in comparable sales.

ventilators / Philips

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Photo: MumitM/TBS
    BERC recommends 57.83% hike in bulk electricity price
  • Central bank cancels foreign trips of its employees
    Central bank cancels foreign trips of its employees
  • Commerce Minister Tipu Munshi. Illustration: TBS
    Soybean oil is harmful to health: Commerce minister

MOST VIEWED

  • An army member stops vehicles at a check point on a the main road after the curfew was extended for another extra day following a clash between Anti-government demonstrators and Sri Lanka's ruling party supporters, amid the country's economic crisis, in Colombo, Sri Lanka, May 11, 2022. REUTERS/Dinuka Liyanawatte/File Photo
    Sri Lankan police arrests ruling party MPs over mob violence
  • A woman shops for cooking oil made from oil palms at a supermarket in Jakarta, Indonesia, March 27, 2022. REUTERS/Willy Kurniawan
    Indonesia hopes new programme will help lower cooking oil prices
  • Storage tanks are seen at Marathon Petroleum's Los Angeles Refinery, which processes domestic & imported crude oil into California Air Resources Board (CARB), gasoline, diesel fuel, and other petroleum products, in Carson, California, U.S., March 11, 2022. Picture taken with a drone. REUTERS/Bing Guan
    Oil prices rise on China demand recovery expectations, supply concerns
  • European Commission President Ursula von der Leyen speaks during a news conference in Strasbourg, France, May 9, 2022. Ludovic Marin / Pool via REUTERS
    EU offers 9B euro loan to Ukraine, prepares reconstruction -Commission
  • FILE PHOTO: An image of Elon Musk is seen on a smartphone placed on printed Twitter logos in this picture illustration taken April 28, 2022. REUTERS/Dado Ruvic/Illustration
    Elon Musk can't easily give Twitter the boot over bots
  • A China-made Tesla Model 3 electric vehicle is seen ahead of the Guangzhou auto show in Guangzhou, Guangdong province, China November 21, 2019. Photo :Reuters
    China in talks with automakers on EV subsidy extension -sources

Related News

  • Your kitchen needs the Philips Airfryer
  • Philips launches ‘Fresh Air Mask’ with non-valve filter
  • Singer Bangladesh and Arçelik donates medical ventilators to hospitals
  • Air purifier for home and office
  • bKash hands over 300 more ventilators donated by Chinese organisations

Features

‘The geopolitical landscape is undergoing profound change, Dhaka needs to craft proactive strategies’

‘The geopolitical landscape is undergoing profound change, Dhaka needs to craft proactive strategies’

8h | Interviews
Graphics: TBS

Facebook and Bangladeshi politicians: A new tide in mass political communication?

9h | Panorama
Despite Bangladesh having about 24,000 km of waterways, only a few hundred kilometres are covered by commercial launch services. Photo: Saad Abdullah

Utilising waterways: When common home-goers show the way

1d | Panorama
Illustration: TBS

How Putin revived Nato

1d | Panorama

More Videos from TBS

How Putin revived Nato

How Putin revived Nato

3h | Videos
Paddle steamers in Bangladesh

Paddle steamers in Bangladesh

8h | Videos
Genome sequencing: best ways to diagnose pediatrics

Genome sequencing: best ways to diagnose pediatrics

9h | Videos
Reasons behind the sudden fall in stock market

Reasons behind the sudden fall in stock market

9h | Videos

Most Read

1
Representative Photo: Pixabay.
Bangladesh

Microplastics found in 5 local sugar brands

2
Mushfiq Mobarak. Photo: Noor-A-Alam
Panorama

Meet the Yale professor who anchors his research in Bangladesh and scales up interventions globally

3
The story of Bangladesh becoming a major bicycle exporter
Industry

The story of Bangladesh becoming a major bicycle exporter

4
How Bangladesh can achieve edible oil self-sufficiency with local alternatives
Bazaar

How Bangladesh can achieve edible oil self-sufficiency with local alternatives

5
Govt tightens belt to relieve reserve
Economy

Govt tightens belt to relieve reserve

6
Impact of falling taka against US dollar
Banking

Taka losing more value as global currency market volatility persists

The Business Standard
Top
  • Home
  • Entertainment
  • Sports
  • About Us
  • Bangladesh
  • International
  • Privacy Policy
  • Comment Policy
  • Contact Us
  • Economy
  • Sitemap
  • RSS

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net

Copyright © 2022 THE BUSINESS STANDARD All rights reserved. Technical Partner: RSI Lab