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Pfizer to Pay $250 Million to Settle Over 10,000 Zantac Cancer Lawsuits
May 16, 2024, 04:55 AM
Pfizer has agreed to offer up to $250 million to settle more than 10,000 lawsuits in the United States over cancer risks associated with its now-discontinued heartburn drug Zantac. The Financial Times reported this settlement on Thursday.
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Markets
Profit increase • 50%
Profit decrease • 50%
Pfizer's annual financial report for 2024
Stock price increase • 50%
Stock price decrease • 50%
Stock market data
No • 50%
Yes • 50%
Major financial news outlets and legal records
Drug recalls • 33%
No action • 33%
Warning issued • 33%
FDA announcements and official press releases
Litigations lead to trials • 25%
No other major lawsuits • 25%
Minor settlements • 25%
Major settlements similar to Zantac • 25%
Court records and legal news reports
No significant change • 25%
Improves • 25%
Significantly worsens • 25%
Worsens • 25%
Reputed consumer survey reports