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Philips agrees to pay $1 1 billion settlement after wide-ranging CPAP machine recall

Philips settles US sleep machine cases for $1 1 billion

Dutch medical device maker Philips said Monday it had reached a $1.1 billion deal to settle US lawsuits over faulty sleep machines that have dogged the

ResMed sees increased demand, stock rises on Q3 beats

ResMed (NYSE: RMD) shares ticked up after hours on third-quarter results that came in ahead of the consensus forecast.

ResMed tops quarterly profit estimates on strong demand for sleep apnea devices

(Reuters) - ResMed beat Wall Street estimates for quarterly profit on Wednesday due to strong demand for its sleep apnea devices, sending shares 9% higher in extended trading. The California-based company reported adjusted profit of $2.13 per share.

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