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Philips arm to pay over Rs 191 crore for alleged false claims for respiratory-related medical equipment
A Philips spokesperson said its subsidiary agreed to settle the claim to avoid the required expense of litigating the allegations.
Washington: A subsidiary of Dutch medical device maker Philips has agreed to pay over $24 million to resolve alleged false claims over respiratory-related medical equipment, the U.S. Justice Department said on Thursday.
Read also: Medical device maker Philips expands respiratory devices recall over possible plastic contamination
Ruchika Sharma joined Medical Dialogue as an Correspondent for the Business Section in 2019. She covers all the updates in the Pharmaceutical field, Policy, Insurance, Business Healthcare, Medical News, Health News, Pharma News, Healthcare and Investment. She has completed her B.Com from Delhi University and then pursued postgraduation in M.Com. She can be contacted at editorial@medicaldialogues.in Contact no. 011-43720751