Royal Philips NV will manufacture 43,000 medical ventilators by the end of the year and make 2,500 more for the Strategic National Stockpile in a deal with the US government worth $646.7m.
Philips contracted with the Department of Health and Human Services (HHS) for the ventilators under the Defense Production Act. The massive order, announced on 8 April, comes less than a...
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