Philips denies new French investigation into sleep device recall

Philips denies a new French investigation into its sleep device recall, stating existing proceedings cover the period leading up to and during the 2021 recall. The 2021 recall impacted millions of devices globally due to concerns about degrading foam potentially causing health issues. The company clarified that current proceedings do not question the safety of its presently marketed products in France. Philips previously settled related litigation in the United States for $1.1 billion. The company's shares saw a slight dip following initial reports of a new probe.