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home / articles / philips gets fda recall for trilogy ventilator glitc mwn benzinga


TECH - Philips' Gets FDA Recall for Trilogy Ventilator Glitch | Benzinga

Koninklijke Philips (NYSE: PHG) notified its customers about a possible power malfunction in its Trilogy Evo continuous ventilators and initiated a software update to resolve the same in March. The FDA classified this action as Class I level recall, the most serious type of recall, as the use of these devices without the software update may cause serious injuries or death. This recall is a correction and not a product removal. It includes all susceptible devices — Trilogy EVO, Trilogy EV300, Trilogy Evo O2, and Trilogy Evo Universal.

The company also informed that these ventilators can issue a "Battery Depleted" or "Loss of Power" alarm while sufficient power is still available due to the software issue.

Price Performance

For the past six months, PHG's shares have gained 29.5% compared with the industry's rise of 13.3%. The S&P 500 increased 16.2% in the same time frame.


Image Source: Zacks Investment Research

More on the Trilogy Ventilators

The Trilogy ventilators use a microprocessor-controlled blower to provide pressure support, pressure control, or volume control during breathing support. These devices are designed to aid those who need help breathing, and they can ...

Full story available on Benzinga.com

Stock Information

Company Name: Bio-Techne Corp
Stock Symbol: TECH
Market: NASDAQ
Website: bio-techne.com

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