Device

Settlement Administrator Angeion Group Announces Proposed Settlement in In Re Philips Recalled CPAP, Bi-Level PAP, and Mechanical Ventilator Products Litigation Class Action

Retrieved on: 
Monday, December 11, 2023

PHILADELPHIA, Dec. 11, 2023 /PRNewswire/ -- A proposed Settlement of Economic Loss Claims has been reached in a U.S. class action lawsuit against Defendants Philips RS North America LLC ("Philips RS"), Koninklijke Philips N.V., Philips North America LLC, Philips Holding USA, Inc., and Philips RS North America Holding Corporation (collectively, the "Philips Defendants"), related to CPAP, BiPAP and ventilator devices sold in the United States between 2008 and 2021 that Philips RS recalled beginning in June 2021.  Plaintiffs in this lawsuit allege that the particular type of noise-reducing foam used in the recalled devices was defective. The Settlement is intended to resolve Economic Loss Claims only and does not affect or release any claims for personal injuries or medical monitoring relief.

Key Points: 
  • If You Paid For A Philips CPAP, BIPAP, Or Ventilator That Was Recalled By Philips RS North America LLC Beginning in June 2021, A Class Action Settlement May Affect Your Legal Rights.
  • Plaintiffs in this lawsuit allege that the particular type of noise-reducing foam used in the recalled devices was defective.
  • The Settlement is intended to resolve Economic Loss Claims only and does not affect or release any claims for personal injuries or medical monitoring relief.
  • You may be eligible to receive a payment if you paid for a Philips Respironics CPAP, BiPAP, or Ventilator that was recalled.

Global Fashion Ecommerce Market Worth US$ 1,626.97 Billion by 2030 - Exclusive Report by CoherentMI

Retrieved on: 
Monday, December 11, 2023

The global fashion ecommerce market is anticipated to witness high growth due to the increasing popularity of online shopping and the convenience it offers to consumers.

Key Points: 
  • The global fashion ecommerce market is anticipated to witness high growth due to the increasing popularity of online shopping and the convenience it offers to consumers.
  • Another driver for the growth of the Fashion Ecommerce Market is the growing trend of customization and personalization.
  • One of the key trends in the Fashion Ecommerce Market is the integration of augmented reality (AR) and virtual reality (VR) technologies.
  • With the increasing penetration of internet and smartphones, the global fashion ecommerce market is witnessing significant growth.

Global Fashion Ecommerce Market Worth US$ 1,626.97 Billion by 2030 - Exclusive Report by CoherentMI

Retrieved on: 
Monday, December 11, 2023

The global fashion ecommerce market is anticipated to witness high growth due to the increasing popularity of online shopping and the convenience it offers to consumers.

Key Points: 
  • The global fashion ecommerce market is anticipated to witness high growth due to the increasing popularity of online shopping and the convenience it offers to consumers.
  • Another driver for the growth of the Fashion Ecommerce Market is the growing trend of customization and personalization.
  • One of the key trends in the Fashion Ecommerce Market is the integration of augmented reality (AR) and virtual reality (VR) technologies.
  • With the increasing penetration of internet and smartphones, the global fashion ecommerce market is witnessing significant growth.

Settlement Administrator Angeion Group Announces Proposed Settlement in In Re Philips Recalled CPAP, Bi-Level PAP, and Mechanical Ventilator Products Litigation Class Action

Retrieved on: 
Monday, December 11, 2023

PHILADELPHIA, Dec. 11, 2023 /PRNewswire/ -- A proposed Settlement of Economic Loss Claims has been reached in a U.S. class action lawsuit against Defendants Philips RS North America LLC ("Philips RS"), Koninklijke Philips N.V., Philips North America LLC, Philips Holding USA, Inc., and Philips RS North America Holding Corporation (collectively, the "Philips Defendants"), related to CPAP, BiPAP and ventilator devices sold in the United States between 2008 and 2021 that Philips RS recalled beginning in June 2021.  Plaintiffs in this lawsuit allege that the particular type of noise-reducing foam used in the recalled devices was defective. The Settlement is intended to resolve Economic Loss Claims only and does not affect or release any claims for personal injuries or medical monitoring relief.

Key Points: 
  • If You Paid For A Philips CPAP, BIPAP, Or Ventilator That Was Recalled By Philips RS North America LLC Beginning in June 2021, A Class Action Settlement May Affect Your Legal Rights.
  • Plaintiffs in this lawsuit allege that the particular type of noise-reducing foam used in the recalled devices was defective.
  • The Settlement is intended to resolve Economic Loss Claims only and does not affect or release any claims for personal injuries or medical monitoring relief.
  • You may be eligible to receive a payment if you paid for a Philips Respironics CPAP, BiPAP, or Ventilator that was recalled.

GIE Medical Announces First Patient Enrolled in PATENT-E Benign Esophageal Stricture Treatment Study

Retrieved on: 
Thursday, December 7, 2023

MINNEAPOLIS, Dec. 7, 2023 /PRNewswire/ -- GIE Medical, a clinical stage company developing solutions for patients suffering from benign stricture(s) of the esophagus or bowel, announced today that enrollment has begun in its Paclitaxel Coated Balloon for the Treatment of Chronic Benign Stricture - Esophagus (PATENT-E) study. The study is evaluating the safety and efficacy of the first of its kind ProTractX3™ TTS drug coated balloon (DCB) and the first patient was enrolled at the University of North Carolina School of Medicine.

Key Points: 
  • MINNEAPOLIS, Dec. 7, 2023 /PRNewswire/ -- GIE Medical , a clinical stage company developing solutions for patients suffering from benign stricture(s) of the esophagus or bowel, announced today that enrollment has begun in its Paclitaxel Coated Balloon for the Treatment of Chronic Benign Stricture - Esophagus (PATENT-E) study.
  • The study is evaluating the safety and efficacy of the first of its kind ProTractX3™ TTS drug coated balloon (DCB) and the first patient was enrolled at the University of North Carolina School of Medicine.
  • "We are pleased to be enrolling the randomized cohorts in PATENT-E, our treatment for esophageal stricture IDE study, and look forward to the results," said GIE Medical Vice President Drew McClure.
  • "We sincerely thank our clinical partners and internal GIE Medical team for achieving this significant milestone."

Power Electronics Market worth $61.0 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Monday, December 4, 2023

Silicon holds the largest market share in the production of a multitude of power electronics.

Key Points: 
  • Silicon holds the largest market share in the production of a multitude of power electronics.
  • Within the power electronics industry , consumer electronics stands as a key sector, given that every electronic device necessitates a power supply (AC/DC) and effective power management for optimal energy utilization.
  • The integration of power electronics into consumer electronics serves to minimize power consumption, thereby reducing the overall carbon footprint and enhancing efficiency.
  • The Asia Pacific stands out as the swiftest expanding sector in the power electronics market, accelerated by substantial investments in infrastructure, consumer electronics, and smart grid initiatives.

Power Electronics Market worth $61.0 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Monday, December 4, 2023

Silicon holds the largest market share in the production of a multitude of power electronics.

Key Points: 
  • Silicon holds the largest market share in the production of a multitude of power electronics.
  • Within the power electronics industry , consumer electronics stands as a key sector, given that every electronic device necessitates a power supply (AC/DC) and effective power management for optimal energy utilization.
  • The integration of power electronics into consumer electronics serves to minimize power consumption, thereby reducing the overall carbon footprint and enhancing efficiency.
  • The Asia Pacific stands out as the swiftest expanding sector in the power electronics market, accelerated by substantial investments in infrastructure, consumer electronics, and smart grid initiatives.

Embracing the New Horizon, Towards the Shared Future

Retrieved on: 
Friday, December 1, 2023

HANGZHOU, China, Dec. 1, 2023 /PRNewswire/ -- November 23rd, SUPCON (688777.SH, SUPCON.SW) held the 30th Anniversary celebration event themed "Embracing the New Horizon, Towards the Shared Future" at the Hangzhou Olympic Sports Center. The event witnessed the gathering of over 6,000 SUPCON group members sharing the joy of three decades of remarkable achievements. More than 100,000 global spectators participated in the online livestream.

Key Points: 
  • HANGZHOU, China, Dec. 1, 2023 /PRNewswire/ -- November 23rd, SUPCON (688777.SH, SUPCON.SW) held the 30th Anniversary celebration event themed "Embracing the New Horizon, Towards the Shared Future" at the Hangzhou Olympic Sports Center.
  • The event witnessed the gathering of over 6,000 SUPCON group members sharing the joy of three decades of remarkable achievements.
  • "Looking ahead, the future is full of uncertainty," he said, "however, I hope SUPCON would make certain to persist in five key aspects: Create value for customers and society.
  • Today, SUPCON stands as a public and global entity, continuously embracing new challenges alongside industrial partners and nearly 30,000 process industry clients.

3-Hour Virtual Seminar on Computer System Validation (CSV) vs. Computer Software Assurance (CSA): Learn About FDA's Approach to Modernizing Technology, and Benefits for Both the Agency and Industry

Retrieved on: 
Wednesday, November 22, 2023

A key element is a risk-based, product quality and patient-centric approach to Computer System Assurance (CSA) vs. the traditional Computer System Validation (CSV) Waterfall approach.

Key Points: 
  • A key element is a risk-based, product quality and patient-centric approach to Computer System Assurance (CSA) vs. the traditional Computer System Validation (CSV) Waterfall approach.
  • The attendee will learn about FDA's approach to modernizing technology, and how that will benefit both the Agency and industry.
  • This approach is amenable to the Agile software development methodology, which can be adapted for use in validation.
  • She is currently an independent consultant, advising companies on computer system validation and large-scale IT system implementation projects.

U.S. product recalls fall during Q3 even as regulatory scrutiny increases

Retrieved on: 
Thursday, November 16, 2023

MEMPHIS, Tenn., Nov. 16, 2023 /PRNewswire/ -- U.S. product recall activity recorded it largest quarterly decline in over three years, as events fell by more than ten percent between Q2 and Q3 2023.  According to Sedgwick brand protection's latest U.S. Recall Index report, there were 740 product recalls in Q3 2023, which is 13.6% fewer than the 856 recorded in Q2 2023. Despite this third quarter decline, 2023 still remains on track to hit a five year high for total recall events.

Key Points: 
  • According to Sedgwick brand protection's latest U.S. Recall Index report, there were 740 product recalls in Q3 2023, which is 13.6% fewer than the 856 recorded in Q2 2023.
  • The number of pharmaceutical recalls went from 135 in Q2 2023 to 107 in Q3, a decrease of 20.7%.
  • Consumer product: The U.S. Consumer Product Safety Commission (CPSC) and other consumer product regulators are expected to remain aggressive in their enforcement actions against companies in violation of product safety regulations.
  • It is the only report that aggregates and tracks recall data across multiple regulatory agencies and industries to help stakeholders navigate the regulatory environment, product recalls, and other in-market challenges.