Philips has been battling a series of crises over its DreamStation machines for sleep apnoea, a disorder in which breathing stops and starts during sleep. Photo: Sem van der Wal / ANP/AFP/File
Millions of devices were recalled over concerns that users were at risk of inhaling pieces of noise-cancelling foam and fears it could potentially cause cancer. "The remediation of the sleep therapy devices for patients is almost complete, and the test results to date show the use of these devices is not expected to result in appreciable harm to health," he said."We do regret the concern that patients may have experienced," he said, adding that the settlements were"significant milestones and provide further clarity on the way forward for Philips.
Philips said the settlement payments are expected to take place in 2025 and will be funded through cash flow generation.
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