Philips Respironics Reached Final Agreement On The Consent Decree With The DOJ And FDA, Creating A Clear Path Forward
Portfolio Pulse from Benzinga Newsdesk
Philips and its subsidiaries, Philips Holding USA and Philips Respironics, have finalized a consent decree with the DOJ and FDA, focusing on Philips Respironics' operations in the US. This agreement provides a clear path for compliance and business restoration. The financial outlook for 2023-2025 remains unchanged, taking this decree into account.

April 10, 2024 | 7:26 am
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Philips finalizes consent decree with DOJ and FDA, focusing on US operations of Philips Respironics. The 2023-2025 financial outlook is unaffected.
The finalization of the consent decree removes a significant regulatory uncertainty for Philips, particularly for its Philips Respironics operations in the US. By providing a clear path for compliance and business restoration, this development is likely to be viewed positively by investors. The confirmation that the financial outlook for 2023-2025 remains unchanged despite this decree suggests that Philips has effectively managed the potential impacts, reinforcing investor confidence in the company's stability and regulatory compliance strategy.
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