Philips reportedly withheld CPAP problems from the FDA for years

Philips (NYSE: PHG) + received the first complaints of degraded sound abatement foam in its respiratory devices in 2010, but 11 years passed before it turned into a major recall, according to a ProPublica and Pittsburgh Post-Gazette investigation published today. 

According to ProPublica, Philips withheld the vast majority of the warnings about black particles, dirt, dust and other contaminants in devices airway chambers from the FDA even as the reports became more alarming each year.

It wasn’t until 2021 that Philips initiated a recall that now covers 5.5 million CPAPs and other devices. Since April 2021, the FDA received 105,000 reports of problems, including 385 reports of deaths associated with the foam degradation issue. (Here is MassDevice‘s full timeline of the recall.) After he took over in 2022, Philips CEO Roy Jakobs apologized for the recall on behalf of the Dutch medtech giant is deeply sorry ab…

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DOJ subpoenas Philips over Respironics recall; CEO addresses investigation

Royal Philips CEO Frans van Houten [Photo courtesy of Philips]Royal Philips (NYSE:PHG) today disclosed a Department of Justice subpoena for information related to the massive recall of Respironics respiratory devices.

Philips Respironics and Philips subsidiaries in the U.S. received the subpoena on April 8 seeking “information related to events leading to the Respironics recall,” the Amsterdam-based company said as it announced its latest financial and operating results. Phillips said its subsidiaries are cooperating with investigators.

“At this time, it’s a subpoena for information,” CEO Frans van Houten said on today’s earnings call. “That means they are preparing an investigation, and we just have to accept that.”

Philips shares dropped about 12% in trading Monday as the company detailed continued supply chain struggles and mounting recall costs.

Van Houten said Phillips remains in close collaboration and contact with regulatory agencies.

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