Current:Home > ScamsSafeX Pro Exchange|Philips will pay $1.1 billion to resolve US lawsuits over breathing machines that expel debris -NextFrontier Finance
SafeX Pro Exchange|Philips will pay $1.1 billion to resolve US lawsuits over breathing machines that expel debris
TrendPulse View
Date:2025-04-08 02:05:36
WASHINGTON (AP) — Medical device maker Philips said Monday it will pay $1.1 billion to settle hundreds of personal injury lawsuits in the U.S. over its defective sleep apnea machines,SafeX Pro Exchange which have been subject to a massive global recall.
The Dutch manufacturer did not admit any fault and said it reached the agreement to resolve any uncertainty over the cases. The payout also includes medical monitoring claims from patients who used the company’s devices and could be exposed to future risks.
Philips has recalled more than 5 million of breathing machines since 2021 because their internal foam can break down over time, leading users to inhale tiny particles and fumes while they sleep. Efforts to repair or replace the machines have been plagued by delays that have frustrated regulators and patients in the U.S. and other countries.
Monday’s announcement is another step toward resolving one of the biggest medical device recalls in the industry’s history, which has dragged on for nearly three years.
Philips shares rose more than 35% to a one-year high on the news.
Earlier this month the company reached a settlement with the U.S. government that requires an overhaul of how it manufactures of sleep apnea devices. The agreement also requires the company to replace or reimburse patients for recalled machines.
Most of the devices recalled are continuous positive airway pressure, or CPAP, machines. They force air through a mask to keep mouth and nasal passageways open during sleep.
Company CEO Roy Jakobs said in a statement the recent settlements are “significant milestones and provide further clarity on the way forward for Philips.”
The FDA’s website warns patients that the risks of ingesting the sound-dampening foam could include headache, asthma, allergic reactions and more serious problems.
An FDA inspection of Philips’ Pennsylvania offices in the fall of 2021 uncovered a spate of red flags, including emails suggesting the company was warned of the problem with its foam six years before the recall.
___
The Associated Press Health and Science Department receives support from the Howard Hughes Medical Institute’s Science and Educational Media Group. The AP is solely responsible for all content.
veryGood! (11)
Related
- What do we know about the mysterious drones reported flying over New Jersey?
- The Daily Money: Which airports have most delays?
- Get an Extra 70% Off J.Crew Sale Styles, Old Navy Deals Under $20, 60% Off Beyond Yoga & More Sales
- After fire struck Maui’s Upcountry, residents of one town looked to themselves to prep for next one
- Where will Elmo go? HBO moves away from 'Sesame Street'
- Adrian Weinberg stymies Hungary, US takes men's water polo bronze in shootout
- Patriots fan Matt Damon loved Gronk's 'showstopping' 'Instigators' cameo
- Solid state batteries for EVs: 600 miles of range in 9 minutes?
- 'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
- The Daily Money: Which airports have most delays?
Ranking
- Bodycam footage shows high
- Pumpkin spice everything. Annual product proliferation is all part of 'Augtober'
- How race, police and mental health collided in America's heartland | The Excerpt
- 2024 Olympics: The Internet Can't Get Enough of the Closing Ceremony's Golden Voyager
- How to watch the 'Blue Bloods' Season 14 finale: Final episode premiere date, cast
- Should Shelby McEwen have shared gold for USA's medal count? Don't be ridiculous
- Tyrese Haliburton jokes about about riding bench for Team USA's gold medal
- Samsung recalls a million stoves after humans, pets accidentally activate them
Recommendation
Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
Jupiter and Mars are about meet up: How to see the planetary conjunction
Simone Biles Has THIS Special Role at 2024 Paris Olympics Closing Ceremony
Americans’ refusal to keep paying higher prices may be dealing a final blow to US inflation spike
Working Well: When holidays present rude customers, taking breaks and the high road preserve peace
Stetson Bennett shakes off 4 INTs, throws winning TD in final seconds as Rams edge Cowboys, 13-12
10 brightest US track and field stars from 2024 Paris Olympics
Kate Middleton Makes Surprise Appearance in Royal Olympics Video