Pfizer Agrees to Settle More than 10,000 Zantac Cancer Lawsuits [BNN Bloomberg (Canada)]
Sanofi - American Depositary Shares (SNY)
US:NYSE Investor Relations:
sanofi.com/en/investors
Company Research
Source: BNN Bloomberg
The agreements cover cases in state courts across the US but don't completely resolve the company's exposure to Zantac claims, according to the people, who spoke on the condition of anonymity because they weren't authorized to discuss the settlement publicly. Financial details of the accords weren't immediately available. The deal is likely to reassure investors, who have seen other Zantac makers, including GSK Plc and Sanofi, sign settlements. Concerns about the drugmakers' exposure to Zantac suits helped wipe out about $45 billion in combined market value in the summer of 2022. The shares have since recovered and have risen on news of the earlier deals. Pfizer shares were up 0.3% to $27.85 at 10 a.m. in New York. Settling and Fighting Bloomberg News reported last month that Sanofi agreed to pay more than $100 million to resolve about 4,000 Zantac cases. Zantac has been owned by different drugmakers in its more than 30-year run as one of the most popular antacids in the US.
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Sec Filings
- 5/2/24 - Form 6-K
- 4/25/24 - Form 6-K
- 4/4/24 - Form F-3ASR
- SNY's page on the SEC website