GSK shares ease after plaintiff in first Zantac lawsuit drops case
Reuters
Published Aug 17, 2022 08:29
LONDON (Reuters) - Shares in GlaxoSmithKline fell slightly in early trading on Wednesday but stayed above recent lows after the plaintiff in the first lawsuit over the heartburn drug Zantac scheduled to go to trial agreed to drop his case.
Shares in the London-listed drugmaker were down 0.6% shortly after 0700 GMT. One trader said the news looked positive at first sight, although it could be a one-off.
Shares of GSK, Sanofi (EPA:SASY), Pfizer (NYSE:PFE) and Haleon have taken a hit in recent weeks on investor concerns about thousands of lawsuits claiming the drug, which U.S. regulators pulled from the market in 2020, causes cancer.
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Written By: Reuters
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