Philips shares fall 1.05% after-hours following the launch of a smart telemetry platform for cardiac monitoring.

Koninklijke Philips N.V. fell 1.05% in after-hours trading, following the announcement of the launch of a smart telemetry platform for cardiac monitoring. The platform, which includes the next-generation Telemetry Monitor 5500, aims to address critical healthcare challenges such as staff shortages and alarm management, potentially improving operational performance and patient care. However, the market may have reacted negatively due to concerns about the potential burden on frontline teams and hospital operations, as well as the risk of alarm and cognitive overload for care teams.