Category: GSK
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GSK shares jump after settlement of 80,000 Zantac lawsuits in U.S By Reuters
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(Reuters) – GlaxoSmithKline shares rose 6 percent on Thursday after the British drugmaker agreed to pay up to $2.2 billion to settle lawsuits in the United States alleging that the discontinued heartburn drug Zantac causes cancer. The agreement, announced on Wednesday, was well below some analysts’ estimates, including JPMorgan’s forecast…
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GSK to seek dismissal of Florida case against heartburn drug Zantac By Reuters
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(Reuters) – British drugmaker GSK said on Friday it will seek to dismiss an upcoming Zantac lawsuit in Florida where plaintiffs alleged the company’s discontinued heartburn drug caused prostate cancer. The move follows a Florida court ruling Thursday in favor of GlaxoSmithKline and other defendants that threw out expert testimony…
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GSK raises full-year profit forecast, says first-half will see stronger sales By Reuters
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