GSK stock sinks after court allows Zantac lawsuits to proceed

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GSK Plc News

Pharmaceutical Company,Zantac

Shares of Britain-based pharmaceutical company GSK plc (GSK) — formerly known as GlaxoSmithKline — are sliding in pre-market trading and into Monday's...

) — formerly known as GlaxoSmithKline — are sliding in pre-market trading and into Monday's session open following a court ruling that has approved more than 70,000 lawsuits to go forward over heartburn medication Zantac's alleged links to cancer.Shares of GSK they're plunging after a court ruling, stating the drug maker must face trials over claims that its heartburn medication, Zantac causes cancer.

But obviously, when you see a move to this extent here, like we're seeing today, there are some concerns at least short term, what exactly this is going to mean for a Glass E Smith client's business.Yeah, GSK expected to appeal and also they uh had put out a statement saying that the studies, oh, got that one.

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First Zantac Cancer Case to Go to Trial Ends in Win for DrugmakersDrugmakers GSK Plc and Boehringer Ingelheim GmbH persuaded a Chicago jury to reject a woman’s claim that the blockbuster heartburn drug Zantac caused her cancer, handing the companies a win in the first of thousands of such lawsuits to go to trial.
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