AMSTERDAM, May 31 (Reuters) - Dutch group Philips Electronics said on Thursday its medical division was on track to hit its sales and profitability targets, sending its shares up as much as 3 percent.

The FDA released an inspection report into Cleveland-based Philips Medical Systems, part of Amsterdam-based Royal Philips, stating the company mishandled thousands of complaints. The FDA’s report lays ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Preview this article 1 min Philips Medical Systems employs ...

Philips faces significant challenges and controversies, including the results of a forced recall of ventilators and respiratory devices, leading to financial provisions and damage to its brand ...