GSK Announced A Confidential Agreement To Settle A Lawsuit Alleging Its Zantac Drug Caused Cancer, The Case Will Be Dismissed That Was Scheduled To Go For Trial Next Month
Portfolio Pulse from Benzinga Newsdesk
GSK has reached a confidential agreement to settle a lawsuit alleging that its Zantac drug caused cancer. The case, which was scheduled for trial next month, will be dismissed.
June 23, 2023 | 10:28 am
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GSK settles a cancer lawsuit related to its Zantac drug, avoiding a trial next month. The agreement is confidential.
GSK has settled the lawsuit, which may reduce potential legal costs and reputational damage. However, the confidential nature of the agreement makes it difficult to assess the financial impact on the company. The short-term impact on GSK's stock price is likely to be neutral.
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