GSK settles Zantac case in California without admitting liability

By

Sharecast News | 01 Feb, 2024

17:21 10/01/25

  • 1,349.50
  • 0.00%0.00
  • Max: 1,357.00
  • Min: 1,343.50
  • Volume: 4,784,534
  • MM 200 : n/a

GSK announced on Thursday that it had reached a confidential settlement to effectively resolve the legal case over Zantac filed in a California state court.

The FTSE 100 pharmaceutical giant firm said a trial was originally scheduled for 20 February, but the case would now be dismissed.

GSK said it was committed to avoiding prolonged litigation-related distractions.

It noted that it did not admit any liability as part of the settlement, adding that it remained dedicated to defending itself against other Zantac-related cases.

Zantac, or ranitidine, was once a blockbuster heartburn medication for GSK, but was withdrawn from sale worldwide in 2020 after a probable carcinogen was discovered in products from a number of manufacturers.

At 1034 GMT, shares in GSK were up 0.63% at 1,577.8p.

Reporting by Josh White for Sharecast.com.

Last news