GSK Stock Tumbles Following U.S. Court Decision on Zantac Lawsuits
Delaware State Court's Ruling
The Delaware State Court has decided to allow expert witnesses to present scientific evidence in the Zantac lawsuits, significantly impacting GSK.
75,000 Lawsuits Affected
Around 75,000 cases concerning the discontinued heartburn drug are affected by this ruling, potentially leading to extensive legal battles for GSK.
Conclusion: The U.S. court's decision to permit scientific testimony in Zantac lawsuits has triggered a market response with GSK experiencing a 9% decline in its stock prices, signaling potential challenges ahead for the pharmaceutical company.
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