Thousands of Zantac users have filed cases against companies including Sanofi, GlaxoSmithKline, Haleon and Pfizer accusing them of failing to properly warn users of the recalled heartburn drugs' health risks.
Analysts at Morgan Stanley predict that the companies could potentially face between $10.5 billion to $45 billion in legal damages based on previous similar litigation settlements.
As of Aug. 1, the company was aware of approximately 2,850 personal injury plaintiffs across both state and federal jurisdictions with filed cases naming Sanofi in addition to other defendants. When factoring in additional Zantac cases that do not involve Sanofi, the company said it is aware of approximately 3,450 total personal injury plaintiffs across all jurisdictions.
"Over time, the number of unfiled claims alleging either Rx and/or OTC use and implicating a variety of defendants in these actions has exceeded 150,000 – a significant number of these claims, however, do not implicate Sanofi," the company added. Pfizer said it only sold Zantac between 1998 and 2006 and that the Zantac recalls did not involve any of its products. It noted that a "number of lawsuits" have been filed against it and other defendants.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Sesame Place to train employees on diversity and inclusion after lawsuitThe announcement Tuesday follows a $25 million class-action lawsuit alleging multiple incidents of discrimination.
Weiterlesen »
Dougco School Board Update: Perjury Investigation Dropped, Lawsuit Grinds OnThe latest episode in the Dougco school board soap opera.
Weiterlesen »
Idaho top court allows near-total abortion ban to take effect, lawsuits move forwardSeveral Planned Parenthood lawsuits will challenge the law allowed to move forward by Idaho's Supreme Court.
Weiterlesen »
Fight over ownership of Galveston’s Babe’s Beach hits the courtsThe lawsuit raises a $100 million question about who owns land that was raised from the...
Weiterlesen »
GOP Rep. Adam Kinzinger on battle with Trump: 'He won, in the short term at least'He also slammed Democrats' 'frustrating' ad campaigns boosting far-right candidates.
Weiterlesen »
DeFi-focused trading app Structure launches in El Salvador, plans further expansionBy “tokenizing” stocks, Structure.fi hopes make it easy to trade between stocks and crypto assets like bitcoin or ether.
Weiterlesen »