Biotech Values

[WorstLuck]

PHG

Continues to have issues handling recalls. Price has recently rebounded from about 12 to currently around 14, still well down from 2021 highs above 60. Part of the rebound may or may not be attributed to the savings realized by choosing to offer $25 or $50 for the return of some older recalled machines instead of repairing them, a cost and logistics saving (plus one less potential FDA issue, lol.)

Update on Philips Respironics Recall: New Issues Identified in Reworked Trilogy Ventilators

Today, the U.S. Food and Drug Administration (FDA) is providing an update on the Philips Respironics (Philips) June 2021 recall. Philips has informed the FDA that the Philips Trilogy ventilators reworked as a part of the June 2021 recall have two new potential issues. The FDA has requested additional information from Philips to better understand the cause of the issues and to provide informed recommendations to patients, caregivers, and health care professionals.

Issue 1: The new silicone sound abatement foam, installed in the reworked ventilators to replace the polyester-based polyurethane (PE-PUR) foam, may potentially separate from the plastic backing and could impact the performance of the device by potentially blocking the air inlet and thus lowering the inspiratory pressure. If the air pressure is significantly impacted, the device could issue a ventilator alarm, such as the Low Inspiratory Pressure alarm.
Issue 2: Trace amounts of particulate matter have been found in the air pathway of some reworked ventilators. Particulate samples were sent to a third-party lab for evaluation. Preliminary results show PE-PUR and environmental debris in some samples, and in others only environmental debris.