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Category: Zantac

  • GSK shares jump after settlement of 80,000 Zantac lawsuits in U.S By Reuters

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    Investor Empires

    (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…

  • GSK to seek dismissal of Florida case against heartburn drug Zantac By Reuters

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    Investor Empires

    (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…

  • Drugmakers’ appeal to end Zantac cancer lawsuits rebuffed by judge By Reuters

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    Investor Empires

    By Brendan Pearson (Reuters) – A Delaware judge has rejected a request by GlaxoSmithKline and other drugmakers to appeal a ruling that allows more than 70,000 lawsuits alleging that heartburn drug Zantac causes cancer. The ruling by Judge Vivian Medinella of the Delaware Supreme Court means that drug companies, which…

  • Drugmakers’ appeal to end Zantac cancer lawsuits rebuffed by judge By Reuters

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    Investor Empires

    By Brendan Pearson (Reuters) – A Delaware judge has rejected a request by GlaxoSmithKline and other drugmakers to appeal a ruling that allows more than 70,000 lawsuits alleging that heartburn drug Zantac causes cancer. The ruling by Judge Vivian Medinella of the Delaware Supreme Court means that drug companies, which…

  • Delaware judge lets more than 70,000 Zantac lawsuits go forward By Reuters

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    Investor Empires

    Written by Brendan Pearson (Reuters) – A Delaware judge allowed more than 70,000 lawsuits to proceed over the discontinued heartburn drug Zantac, ruling that expert witnesses can testify in court that the drug may cause cancer. Friday’s ruling by Judge Vivian Medinella of Delaware Superior Court in Wilmington is a…