Philips’ revenues contraction in the first quarter of 2022 was less than feared and its order book remains impressive, but challenges presented by the recall program and generic post-COVID factors for the year ahead remain substantial.
The dip in Philips' first-quarter sales ̶ down 4% year-over-year to €3.9bn ($4.2bn) ̶ was not as sharp as the high-single digits drop projected in earlier guidance but reflects the tough set of business circumstances the company faces, according to CEO Frans van Houten
Chief among these challenges is the ongoing recall associated with Respironics’ ventilators, announced in 2021. Extrapolating current trends in the number of potential registrations of users requiring a technology...
DeepLook Medical recently announced the commercial rollout of DL Precise, an AI-powered imaging platform that enhances breast cancer screening, at major healthcare institutions across the US.
Clairity’s "first-in-class" mammography-based AI screening tool, Clairity Breast, provides "equitable risk assessments," expanding access to lifesaving early detection for breast cancer, said company founder Connie Lehman.
Abbott received the US FDA nod for its Tendyne system, offering a minimally invasive alternative to replace the valves of patients with severe mitral valve disease who are at risk for open-heart surgery.
SAGA Diagnostics has launched its breast cancer residual and recurrence detection test – Pathlight – in the US. The test’s ultrahigh sensitivity and specificity is rare to see in oncology, the company claimed.
