Royal Philips announced that it has signed an agreement with Aerogen Ltd. The agreement includes a technology license and the acquisition of select assets solely related to Aerogen's home-care business. This will strengthen the innovation capabilities and product portfolio of Philips' respiratory drug delivery activities within its Home Healthcare Solutions business. estimated that hundreds of millions of people worldwide suffer from respiratory diseases such as asthma and chronic obstructive pulmonary disease.

Drug delivery to the lungs is a critical part in treating these chronic diseases, and nebulizers are frequently the respiratory drug delivery devices of choice for both children and adults. With this agreement, Philips will expand its range of home-care nebulizers and will gain access to Aerogen's technology, an important component of advanced nebulizers for fast and precise drug delivery.