GSK, Sanofi and Haleon shares slump on Zantac litigation concerns
newscatcher
2022-08-11 20:30
GSK, Sanofi and Haleon shares slump on Zantac litigation concerns
LONDON: Shares in GSK, Sanofi and Haleon fell sharply on Thursday, following declines earlier this week, amid growing investor concerns about U.S. litigation focused on a heartburn drug that contained a probable carcinogen. GSK shares were down just over 10%, Sanofi's stock had sagged about 3.3% and Haleon's shares had slipped nearly 5% at the close of trading on Thursday. GSK and Sanofi at various points sold the drug - originally branded as Zantac - which U.S. regulators ordered off the market in 2020.

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