Loading...
Market
Story
GSK Agrees to $2.2 Billion Settlement Covering 93% of U.S. Zantac Lawsuits
Oct 9, 2024, 05:33 PM
GSK has agreed to pay up to $2.2 billion to resolve approximately 80,000 U.S. state court cases related to its heartburn medication Zantac. The settlements encompass agreements with ten plaintiff firms, representing 93% of the product liability cases pending against the company, and are expected to be finalized by the first half of 2025. GSK will record a charge of £1.8 billion in its Q3 2024 results to account for the settlements. Additionally, the company has resolved a Qui Tam complaint for $70 million. Despite the settlements, GSK maintains that there is no consistent evidence that ranitidine, the active ingredient in Zantac, increases the risk of cancer.
View original story
Similar markets
Decrease by more than 10% • 25%
Decrease by 5% to 10% • 25%
Decrease by less than 5% • 25%
No significant change • 25%
Less than $2.5 billion • 25%
$2.5 billion to $3 billion • 25%
$3 billion to $3.5 billion • 25%
More than $3.5 billion • 25%
Under $1 billion • 33%
$1 billion - $2 billion • 33%
Over $2 billion • 33%
Increase by more than 5% • 25%
Increase by 0-5% • 25%
Decrease by 0-5% • 25%
Decrease by more than 5% • 25%
