1-MIN READ

Philips says it did not profiteer on ventilators amid coronavirus

Philips says it did not profiteer on ventilators amid coronavirus

Dutch healthcare equipment company Philips said on Friday it had not sought to profit by raising the price of the ventilators it manufactures during the coronavirus crisis.

  • Reuters
  • Last Updated: July 31, 2020, 7:08 PM IST
Share this:

AMSTERDAM Dutch healthcare equipment company Philips said on Friday it had not sought to profit by raising the price of the ventilators it manufactures during the coronavirus crisis.

In a statement, Chief Executive Officer Frans van Houten said the company was responding to a report issued by the U.S. Congress’s House Subcommitte on Economic and Consumer policy.

“I would like to make clear that at no occasion, Philips has raised prices to benefit from the crisis situation,” he said.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

  • Tags:
  • First Published: July 31, 2020, 7:08 PM IST
Next Story
Loading