RYLPF - Phillips says unauthorized cleaning products linked to faulty ventilators

Citing independent tests, Philips (NYSE:PHG) (OTCPK:RYLPF) said Tuesday that unauthorized cleaning products were almost exclusively to blame for issues that prompted the Dutch medical device maker to recall certain ventilator products last year. ADRs of Philips (PHG) sold off when the company recalled millions of ventilator machines last year amid concerns that foam used in the devices could deteriorate and become toxic The tests indicated that “foam degradation was very rare” and associated with “aggressive, unauthorized ozone-based cleaning products,” Reuters reported, quoting Chief Executive Frans van Houten. “Results to date also indicate that ozone cleaning significantly exacerbates foam degradation,” Philips (PHG) added in a statement citing the tests conducted by five certified, independent testing laboratories in the U.S. and Europe. "Inspection of over 60,000 machines in the U.S. has shown foam degradation in less than 0.5% of the machines users said had not been cleaned with ozone," according to Houten,

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Phillips says unauthorized cleaning products linked to faulty ventilators