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Index seen higher, GSK in $2.2bn Zantac settlement
GSK Rises After Settling Zantac Cases for Up to $2.2 Billion
GSK Plc shares surged after the UK pharma company agreed to pay as much as $2.2 billion to resolve about 80,000 US court cases alleging that its old reflux medication Zantac was contaminated with a suspected carcinogen.
GSK shares jump on $2.2 billion Zantac settlement
GSK shares jumped as much as 6.5% on Thursday after the British drugmaker struck a $2.2 billion settlement over U.S. lawsuits that alleged its discontinued heartburn drug Zantac caused cancer.
GSK to pay $2.2bn to settle Zantac lawsuits
GSK has agreed to pay $2.2bn to settle about 80,000 Zantac lawsuits in the US. In a statement released after the close of markets on Wednesday, the pharmaceuticals firm said it had reached an agreement with 10 firms who represent 93% of the Zantac (ranitidine) state court product liability cases pending against it in the US.
2d
on MSN
Health Care Roundup: Market Talk
The latest Market Talks covering the Health Care sector. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET ...
Fortune on MSN
2d
Wall Street retreats from records on unemployment, inflation news
U.S.: Stocks slide as eager investors scale
back
hopes of jumbo Fed rate cuts After setting a ... of claims in U.S. courts ...
2d
Morning Bid: New stock records as storm passes and CPI due
With one eye on the French government's 2025 budget later on Thursday - which is set to deliver some 60 billion euros ($65.68 ...
devdiscourse
2d
FTSE 100 Gains Amid GSK Settlement and Market Reactions to Inflation Data
The UK FTSE 100 index increased by 0.3%, driven by significant gains in GSK following a settlement in the U.S. The market ...
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