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GSK Gsk Plc

1,636.00
-15.00 (-0.91%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Gsk Plc LSE:GSK London Ordinary Share GB00BN7SWP63 ORD 31 1/4P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -15.00 -0.91% 1,636.00 1,638.00 1,639.00 1,661.50 1,635.50 1,656.50 4,329,161 16:35:12
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Pharmaceutical Preparations 30.33B 4.93B 1.1970 13.69 67.46B

GSK PLC Statement: Zantac (ranitidine) litigation (8794I)

07/12/2022 7:00am

UK Regulatory


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TIDMGSK

RNS Number : 8794I

GSK PLC

07 December 2022

Issued: 07 December 2022, London UK

Statement: Zantac (ranitidine) litigation

   --   MDL Court has dismissed all cases alleging the five remaining cancers in the MDL 

-- Scientific consensus is that there is no consistent or reliable evidence that ranitidine increases the risk of any cancer

-- GSK will continue to defend itself vigorously, including against all claims brought at the state level in the U.S.

In response to yesterday's court ruling in the Zantac federal Multi-District Litigation (MDL) in the U.S., GSK plc (LSE/NYSE: GSK) today issued the following statement:

GSK welcomes yesterday's ruling by the MDL Court. Following the 12 epidemiological studies conducted looking at human data regarding the use of ranitidine, the scientific consensus is that there is no consistent or reliable evidence that ranitidine increases the risk of any cancer. Yesterday's ruling reflects the state of that science and ensured that unreliable and litigation-driven science did not enter the federal courtroom.

In excluding plaintiffs' epidemiological evidence and expert testimony based on their deficiencies and unreliability, the Court has dismissed all MDL cases alleging the five remaining cancers in the MDL (liver, bladder, pancreatic, esophageal, and stomach). GSK will continue to defend itself vigorously, including against all claims brought at the state level.

Further information regarding the litigation can be found in GSK's 11 August 2022 and 16 August 2022 statements, and in its third quarter results press release issued on 2 November 2022. These are available on www.gsk.com .

About GSK

GSK is a global biopharma company with a purpose to unite science, technology, and talent to get ahead of disease together. Find out more at gsk.com/company

 
GSK enquiries 
Media:               Tim Foley          +44 (0) 20 8047      (London) 
                                         5502 
                     Madeleine Breckon  +44 (0) 20 8047      (London) 
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                     Kathleen Quinn     +1 202 603 5003      (Washington DC) 
                     Lyndsay Meyer      +1 202 302 4595      (Washington DC) 
 
Investor Relations:  Nick Stone         +44 (0) 7717 618834  (London) 
                     James Dodwell      +44 (0) 20 8047      (London) 
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                     Mick Readey        +44 (0) 7990 339653  (London) 
                     Josh Williams      +44 (0) 7385 415719  (London) 
                     Jeff McLaughlin    +1 215 751 7002      (Philadelphia) 
                     Frannie DeFranco   +1 215 751 4855      (Philadelphia) 
 

Cautionary statement regarding forward-looking statements

GSK cautions investors that any forward-looking statements or projections made by GSK, including those made in this announcement, are subject to risks and uncertainties that may cause actual results to differ materially from those projected. Such factors include, but are not limited to, those described in the Company's Annual Report on Form 20-F for 2021, GSK's Q3 Results for 2022 and any impacts of the COVID-19 pandemic.

Registered in England & Wales:

No. 3888792

Registered Office:

980 Great West Road

Brentford, Middlesex

TW8 9GS

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END

STRUPGUWPUPPUQM

(END) Dow Jones Newswires

December 07, 2022 02:00 ET (07:00 GMT)

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