{"id":46069,"date":"2024-10-10T03:56:00","date_gmt":"2024-10-10T03:56:00","guid":{"rendered":"https:\/\/gulftimes.ae\/pharma-giant-gsk-to-pay-2-2-to-settle-zantac-lawsuits\/"},"modified":"2024-10-10T03:56:00","modified_gmt":"2024-10-10T03:56:00","slug":"pharma-giant-gsk-to-pay-2-2-to-settle-zantac-lawsuits","status":"publish","type":"post","link":"https:\/\/gulftimes.ae\/?p=46069","title":{"rendered":"Pharma giant GSK to pay $2.2 to settle Zantac lawsuits"},"content":{"rendered":"


\n<\/p>\n

\n

The company said in a statement to investors, external<\/span> that the settlements “remove significant financial uncertainty, risk and distraction associated with protracted litigation.”<\/p>\n

Zantac was first approved for sale in the US in 1983.<\/p>\n

Within five years it was the world’s best-selling drug, with annual sales topping $1bn.<\/p>\n

In 2020, US regulators pulled Zantac off shelves due to fears that a key ingredient, ranitidine, could turn into a substance that may cause cancer when exposed to heat. <\/p>\n

That move led to tens of thousands of lawsuits against the drug’s manufacturers.<\/p>\n

The previous year, UK doctors were told to stop prescribing four types of Zantac as a “precautionary measure”.<\/p>\n

It followed concerns in several countries that the products may contain an impurity that has been linked to cancer.<\/p>\n

As well as being sold by GSK, the drug has also been marketed by other major pharmaceutical firms Pfizer, Sanofi and Boehringer Ingelheim.<\/p>\n

Pfizer and Sanofi have both agreed to settle cases. <\/p>\n

Boehringer Ingelheim is the exception. It has not announced any major settlements.<\/p>\n

A drug under the name of Zantac 360, which contains no ranidine, is still being currently sold.<\/p>\n<\/div>\n


\n
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The company said in a statement to investors, external that the settlements “remove significant financial uncertainty,…<\/p>\n","protected":false},"author":1,"featured_media":46072,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[7],"tags":[2219,3316,3319,1874,3315,3317,3318],"class_list":["post-46069","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-health","tag-giant","tag-gsk","tag-lawsuits","tag-pay","tag-pharma","tag-settle","tag-zantac"],"yoast_head":"\nPharma giant GSK to pay $2.2 to settle Zantac lawsuits - Gulf Times | News by the minute<\/title>\n<meta name=\"description\" content=\"Gulf Times: Latest news across the GCC from UAE, Bahrain, Qatar, Oman, Yemen, Saudi Arabia\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bbc.com\/news\/articles\/c62r5nn94d7o\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pharma giant GSK to pay $2.2 to settle Zantac lawsuits\" \/>\n<meta property=\"og:description\" content=\"Gulf News| UAE's Largest News aggregator site\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.bbc.com\/news\/articles\/c62r5nn94d7o\" \/>\n<meta property=\"og:site_name\" content=\"Gulf Times | News by the minute\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/100084981843786\" \/>\n<meta property=\"article:published_time\" content=\"2024-10-10T03:56:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/gulftimes.ae\/wp-content\/uploads\/2024\/10\/5e028570-86b9-11ef-ab36-e92167c99352-jpg.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"576\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"gulftimes\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Gulftimesuae\" \/>\n<meta name=\"twitter:site\" content=\"@Gulftimesuae\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"gulftimes\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Pharma giant GSK to pay $2.2 to settle Zantac lawsuits - 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