Technology company Philips plans to cut an estimated 5% of its workforce, about 4,000 positions, due to losses caused by the recall of a sleep apnea product as well as supply chain issues, according ...

Medical device manufacturer Philips announced the company will expand on a previous recall in an ongoing effort to remove equipment that could have a contaminant in one of the plastic components.

Eight deaths and 13 injuries have been associated with a class I recall of Philips Respironics’ BiPAP ventilators. FDA noted that the devices may unexpectedly reboot or enter an interoperative state.