Zantac Verdict: Jury Finds No Link To Colon Cancer In Initial Trial, GSK And Boehringer Prevail In First Zantac Cancer Lawsuit
Portfolio Pulse from Vandana Singh
A Chicago jury found no link between Zantac and colon cancer in the first of many similar lawsuits. GSK and Boehringer Ingelheim prevailed in the case, while Sanofi and Pfizer have settled thousands of related lawsuits.
May 24, 2024 | 5:45 pm
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POSITIVE IMPACT
GSK prevailed in the first Zantac cancer lawsuit, with the jury finding no link between Zantac and colon cancer.
The jury's decision in favor of GSK reduces the immediate legal risk and potential financial liabilities associated with Zantac lawsuits, likely leading to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Pfizer recently agreed to settle over 10,000 Zantac lawsuits, reducing its legal exposure.
Pfizer's settlement of over 10,000 lawsuits reduces its legal exposure, but the impact on stock price is neutral as the settlements were likely anticipated by the market.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 60
NEUTRAL IMPACT
Sanofi has settled 4,000 state court lawsuits related to Zantac, and now sells a reformulated version, Zantac360.
Sanofi's settlement of 4,000 lawsuits reduces legal uncertainties, but the impact on stock price is neutral as the company has already moved to a reformulated product.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70