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Stock impact report

The $3bn crisis casting a shadow over Dame Emma Walmsley's GSK [Yahoo! Finance]

Haleon plc American Depositary Shares (Each representing two Ordinary Shares) (HLN) 
Company Research Source: Yahoo! Finance
This was “another excellent” period, she said, with sales and profits at the company booming. Importantly, though, the British drugmaker was finally starting to deliver crucial share price gains – seen as an obsession of the chief executive. For years, the company's share price had been in the doldrums. Part of the reason was the threat of a potential multibillion-pound liability from its former heartburn drug Zantac. But as Dame Emma laid out her trading update in May, it appeared that legal clouds were lifting . Following a series of settlements and court wins, a ruling in Delaware was expected to effectively end all of the lawsuits claiming that Zantac caused cancer. Most of the litigation related to the drug was in the state. GSK was “definitely winning the battle” on Zantac, says one shareholder, “even if they hadn't yet been able to declare victory in the war”. Shares had rallied by a fifth since the start of the year. Within the space of a few weeks, the picture has d Show less Read more
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