Oct 9 (Reuters) - GSK has agreed to pay up to
$2.2 billion to settle most pending U.S. state court lawsuits
claiming that a discontinued version of the heartburn drug
Zantac caused cancer, the company announced on Wednesday.
The settlement with ten plaintiffs' law firms resolves about
80,000 cases, or 93% of pending cases nationwide, the company
said. It did not admit wrongdoing as part of the deal.
The litigation began after the U.S. Food and Drug
Administration in 2020 asked manufacturers to pull Zantac drug
off the market over concerns that its active ingredient,
ranitidine, could degrade into NDMA, a carcinogen, over time or
when exposed to heat.
First approved by U.S. regulators in 1983, Zantac became the
world's best-selling medicine in 1988 and one of the first to
top $1 billion in annual sales.
A drug currently sold under the name Zantac uses a different
active ingredient and contains no ranitidine.