Philips’ IntelliSite pathology suite to bode well for digital pathology diagnostics

NETHERLANDS – Royal Philips, a global leader in health technology has announced the launch of its next-generation digital pathology solution, putting digital pathology at the heart of enterprise-wide healthcare informatics. The Philips Digital Pathology Suite – IntelliSite – is a comprehensive, scalable suite of software tools and capabilities designed to help streamline workflows, improve diagnostic confidence, facilitate team collaboration, integrate artificial intelligence (AI), and increase pathology lab efficiency. Philip’s IntelliSite Pathology Suite (PIPS) is the first FDA-approved digital pathology system in the market. According to Fortune Business Insights, Philips’ Intellisite…

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Artificial Intelligence advances mammography triaging

NETHERLANDS – Radiologists can use artificial intelligence technology to quickly and accurately sort through breast MRIs in patients with dense breast tissue to eliminate those who do not have cancer, freeing up radiologists to focus on more complex cases. Mammography has aided in the reduction of breast cancer-related deaths by detecting the disease early, when it is still treatable. It is, however, less sensitive in women with extremely dense breast tissue than in women with fatty breast tissue. Furthermore, women with extremely dense breasts are three to six times more…

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Philips completes sale of Domestic Appliances business to Hillhouse Investment

NETHERLANDS – Royal Philips, a global leader in health technology, has announced that it has completed the sale of the Domestic Appliances business to Hillhouse Investment, a global investment firm. The results of this transaction, which Philips announced on March 25, 2021, will be reported under discontinued operations in the third quarter of 2021. Philips received cash proceeds after tax and transaction-related costs of approximately EUR 3 billion. The transaction values Domestic Appliances, a global leader with EUR 2.2 billion sales in 2020 in kitchen, coffee, garment care and home…

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Philips spotlights smart diagnostic and treatment solutions at ESC 2021

NETHERLANDS – Royal Philips, a global leader in health technology, today announced the launch of its digital experience during the virtual European Society of Cardiology (ESC) 2021 Congress. The company targets to showcase its latest suite of solutions to help improve outcomes for patients with cardiovascular disease by enabling quick, confident diagnoses, and efficient, effective treatments. During the congress, Philips will demonstrate its continued leadership in cardiology across its integrated portfolio of solutions throughout the entire cardiac care journey, from early detection, diagnosis and treatment, to long-term follow-up. Cardiovascular disease…

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FDA issues breakthrough device designation for Philips’ laser-assisted IVC filter removal device

NETHERLANDS – Food & Drug Administration has granted Philips’ laser-assisted IVC filter removal device a breakthrough device designation (BDD). The proposed device is intended for ablating tissue to remove an IVC filter when previous methods of removal have failed. Under the BDD program, the FDA will provide Philips with priority review and interactive communication regarding device development throughout the submission process. The approval is based on recent research that supports the technology as two independent and prospective clinical studies demonstrated that laser-assisted retrieval was 96-99% effective with a major adverse…

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Philips’ strategic partnership with NicoLab set to accelerate stroke diagnosis and treatment

NETHERLANDS – Royal Philips, a global leader in health technology, has partnered with NicoLab, a MedTech stroke care company, to increase leverage on Philips’ stroke portfolio. Philips has a deep portfolio of stroke care solutions and a strong commitment to further innovation in this field. The partnership with NicoLab brings a cloud-based, end-to-end artificial intelligence (AI) based stroke triage and management solution, StrokeViewer, that aims to improve patient outcome by optimizing the stroke workflow. Together with the recently expanded stroke capabilities of Philips Image Guided Therapy System, Azurion, this new…

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Philips recalls ventilators, sleep apnea machines amid pandemic due to cancer related risks

NETHERLANDS – Dutch medical equipment company Philips has recalled some breathing devices and ventilators because of a foam part that might degrade and become toxic, potentially causing cancer. Philips Chief Executive, Frans van Houten, who said the company was one of the largest makers of sleep apnea machines and ventilators, recounted that up to 4 million worth of equipment will be recalled. Foam used to dampen the machines’ sound can degrade and emit small particles that irritate airways, the group said, as it announced the recall. Gases released by the…

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