Philips warns of potentially fatal foetal monitor defect
European medical technology manufacturers Philips has just issued an urgent field safety notice to address potential clinical risks within its installed bases. On June 1, Philips notified customers about a manufacturing defect affecting its “Avalon Fetal Monitors” (FM20 and FM30) models used during antepartum testing and labour. Speaker assembly cable contacts were inserted rotated 180 degrees relative to their specified…
Philips acquiring SpectraWAVE for full coronary AI “decision stack”
Dutch multinational health technology company Philips has entered into a definitive agreement to acquire MedTech company SpectraWAVE. Based in Bedford, Massachusetts, SpectraWAVE is a pioneer in Enhanced Vascular Imaging (EVI) and AI-driven medical imaging, employing over 70 specialists dedicated to treating coronary artery disease. For investors, this acquisition is a “platform consolidation play” designed to secure workflow primacy within the…