{"id":69386,"date":"2023-10-06T07:20:59","date_gmt":"2023-10-06T11:20:59","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/philips-shares-dive-as-fda-calls-for-more-testing-on-recalled-devices\/"},"modified":"2023-10-06T07:21:03","modified_gmt":"2023-10-06T11:21:03","slug":"philips-shares-dive-as-fda-calls-for-more-testing-on-recalled-devices","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=69386","title":{"rendered":"Philips shares dive as FDA calls for more testing on recalled devices"},"content":{"rendered":"
\n

Shares of Philips slumped Friday after the U.S. Food and Drug Administration said it wants more testing on sleep and respiratory care devices, following the recall of millions of devices.<\/p>\n

Philips shares
\n PHIA,
\n -7.10%<\/bg-quote><\/p>\n

PHG,
\n +0.56%<\/bg-quote>
\n dropped 9% in Amsterdam trade.<\/p>\n

\n

The recall, which has slammed the company\u2019s stock in 2021 and 2022, was over the foam that can potentially break down and be swallowed by users. \u201cThe FDA remains unsatisfied with the status of this recall, and we continue to take steps to protect the health and safety of individuals using these devices,\u201d said a statement from the director of the FDA\u2019s Center for Devices and Radiological Health, Dr. Jeff Shuren.<\/p>\n

\u201cWe do not believe that the testing and analysis Philips has shared to date are adequate to fully evaluate the risks posed to users from the recalled devices.\u201d<\/p>\n

The FDA said it wants additional testing on the risk posed by the people who used the recalled devices. Philips said it\u2019s still in talks with the FDA on the details of the further testing.<\/p>\n

Heading the other direction was insurer Aviva
\n AV,
\n +7.98%<\/bg-quote>,<\/span>
\n which saw its shares jump 9% after The Times of London said there was talk that a foreign buyer could buy it. Shares of another U.K. insurer, Legal & General
\n LGEN,
\n +3.47%<\/bg-quote>,<\/span>
\n rose 3%.<\/p>\n

The broader European stock market was advancing after U.S. stocks bounced off their worst levels on Thursday, ahead of the crucial nonfarm payrolls report on Friday. The U.K. FTSE 100
\n UK:UKX
\n rose 0.3%, the German DAX
\n DX:DAX
\n rose 0.6% and the French CAC 40
\n FR:PX1
\n rose 0.5%.<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Shares of Philips slumped Friday after the U.S. Food and Drug Administration said it wants more testing on sleep and respiratory care devices, following the recall of millions of devices. Philips shares PHIA, -7.10% PHG, +0.56% dropped 9% in Amsterdam trade. The recall, which has slammed the company\u2019s stock in 2021 and 2022, was over […]<\/p>\n","protected":false},"author":1,"featured_media":69387,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-69386","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-markets","tag-featured","post_format-post-format-gallery"],"yoast_head":"\nPhilips shares dive as FDA calls for more testing on recalled devices | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Shares of Philips slumped Friday after the U.S. Food and Drug Administration said it wants more testing on sleep and respiratory care devices, following\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=69386\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Philips shares dive as FDA calls for more testing on recalled devices | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"Shares of Philips slumped Friday after the U.S. Food and Drug Administration said it wants more testing on sleep and respiratory care devices, following\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=69386\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-06T11:20:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-06T11:21:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/10\/1696591260_social.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"640\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=69386#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=69386\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"Philips shares dive as FDA calls for more testing on recalled devices\",\"datePublished\":\"2023-10-06T11:20:59+00:00\",\"dateModified\":\"2023-10-06T11:21:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=69386\"},\"wordCount\":279,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"articleSection\":[\"Markets\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=69386#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=69386\",\"url\":\"https:\/\/ifintechworld.com\/?p=69386\",\"name\":\"Philips shares dive as FDA calls for more testing on recalled devices | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-10-06T11:20:59+00:00\",\"dateModified\":\"2023-10-06T11:21:03+00:00\",\"description\":\"Shares of Philips slumped Friday after the U.S. Food and Drug Administration said it wants more testing on sleep and respiratory care devices, following\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=69386#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=69386\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=69386#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Philips shares dive as FDA calls for more testing on recalled devices\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Philips shares dive as FDA calls for more testing on recalled devices | iFintechWorld","description":"Shares of Philips slumped Friday after the U.S. Food and Drug Administration said it wants more testing on sleep and respiratory care devices, following","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=69386","og_locale":"en_US","og_type":"article","og_title":"Philips shares dive as FDA calls for more testing on recalled devices | iFintechWorld","og_description":"Shares of Philips slumped Friday after the U.S. Food and Drug Administration said it wants more testing on sleep and respiratory care devices, following","og_url":"https:\/\/ifintechworld.com\/?p=69386","og_site_name":"iFintechWorld","article_published_time":"2023-10-06T11:20:59+00:00","article_modified_time":"2023-10-06T11:21:03+00:00","og_image":[{"width":1280,"height":640,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/10\/1696591260_social.jpeg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=69386#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=69386"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"Philips shares dive as FDA calls for more testing on recalled devices","datePublished":"2023-10-06T11:20:59+00:00","dateModified":"2023-10-06T11:21:03+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=69386"},"wordCount":279,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"articleSection":["Markets"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=69386#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=69386","url":"https:\/\/ifintechworld.com\/?p=69386","name":"Philips shares dive as FDA calls for more testing on recalled devices | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-10-06T11:20:59+00:00","dateModified":"2023-10-06T11:21:03+00:00","description":"Shares of Philips slumped Friday after the U.S. Food and Drug Administration said it wants more testing on sleep and respiratory care devices, following","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=69386#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=69386"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=69386#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"Philips shares dive as FDA calls for more testing on recalled devices"}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/69386","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=69386"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/69386\/revisions"}],"predecessor-version":[{"id":69388,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/69386\/revisions\/69388"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/69387"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=69386"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=69386"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=69386"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}