London, Oct 30, 2024 (AFP) - Drugmaker GSK posts loss on Zantac fallout

NAMPA / AFP

2024-10-30

British pharmaceutical company GSK on Wednesday said it swung into a net loss in the third quarter after settling lawsuits in the United States surrounding its Zantac heartburn drug. GSK suffered a loss after tax of £58 million ($75 million) in the July-September period compared with net profit of £1.5 billion one year earlier. Revenue dipped 1.7 percent to £8 billion in the reporting period, a statement added. GSK earlier this month agreed to pa......

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