GSK shares tumble 9% after 70,000 Zantac lawsuits allowed to move forward

By Thomson Reuters Jun 3, 2024 | 2:21 AM

(Reuters) – Shares in British drugmaker GSK dropped more than 9% on Monday after a Delaware judge allowed more than 70,000 lawsuits over discontinued heartburn drug Zantac to go forward.

GSK said it disagreed with the ruling and would immediately appeal.

(Reporting by Yadarisa Shabong in Bengaluru; Editing by Mrigank Dhaniwala)