A HUGELY significant courtroom victory sent GSK shares surging today as the drugs giant shook off some of the uncertainty caused by lawsuits relating to heartburn product Zantac.
The US federal court ruling in favour of GSK and two other companies determined there was no scientific evidence to support claims the treatment was carcinogenic. Other lawsuits are pending in state courts and there’s the chance of an appeal, but GSK shares jumped by 10% or 137.2p to 1525p today. They had been at 1664p prior to August’s disclosure over the filing of thousands of personal injury claims.
This story is from the December 07, 2022 edition of Evening Standard.
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This story is from the December 07, 2022 edition of Evening Standard.
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