Business Maverick: First Zantac cancer case, set for trial, dropped after settlements

Generic producers Teva Pharmaceutical Industries, Perrigo, Sun Pharmaceutical Industries and Dr Reddy’s Laboratories agreed to a combined settlement of more than $500,000 with Joseph Bayer after he alleged the popular heartburn medication caused his esophageal cancer, according to the people.

None of the brand-name makers of the now over-the-counter drug – including GSK, Pfizer and Boehringer Ingelheim – paid anything toward the settlement. They were the last defendants left in the case and the claims against them were dismissed.Drug companies have questioned Zantac’s link to cancer and said the NDMA levels in the medication were close to what was already found in food.

Another reason Bayer’s lawyers decided to drop the case against the branded makers of Zantac was his testimony in a pre-trial deposition that he only took generic versions of the drug to treat his heartburn.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Business Maverick: Sweden Turns to Burning Oil as Power Prices Soar to RecordSweden is relying on an old oil-fired power plant to keep the lights on in the south as a dearth of wind generation and nuclear outages sends prices to a record. And we in south africa are betting on renewable like wind to solve our power crisis. Renewable are not consistent and reliable. So, now it’s ok for Sweden to pollute the atmosphere? Where are all the environmental activists? Greta Thurnburg is a Swede nogal! Frauds, the lot!
Source: dailymaverick - 🏆 3. / 84 Read more »

Business Maverick: No China Stimulus Good Enough for Stocks Fixated on Covid CurbsChina is ramping up efforts to revive its economy and boost market confidence. But, stock investors preoccupied with the damage inflicted by the nation’s strict Covid-Zero strategy aren’t buying it.
Source: dailymaverick - 🏆 3. / 84 Read more »