Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksGlaxosmithkline Share News (GSK)

Share Price Information for Glaxosmithkline (GSK)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 1,599.00
Bid: 1,594.50
Ask: 1,595.50
Change: -19.00 (-1.17%)
Spread: 1.00 (0.063%)
Open: 1,608.00
High: 1,615.00
Low: 1,575.00
Prev. Close: 1,618.00
GSK Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UPDATE 2-GSK recalls prescription-only versions of heartburn drug Zantac

Tue, 08th Oct 2019 16:53

* Four products recalled; over-the-counter ones not affected

* UK regulator says recall a "precautionary measure"

* Regulators investigating ranitidine drugs for impurities
(Adds details on products affected, context on other drugmakers
halting supply)

By Justin George Varghese

Oct 8 (Reuters) - GlaxoSmithKline is recalling
prescription-only versions of its popular heartburn medicine
Zantac as a "precautionary measure" due to a probable
cancer-causing impurity in the drugs, Britain's medicines
watchdog said on Tuesday.

The move follows an investigation by U.S. and European
regulators into the presence of a potentially cancer-causing
impurity in Zantac and generic versions known chemically as
ranitidine, which are also used to treat stomach ulcers.

The U.S. Food and Drug Administration (FDA) said last week
levels of the impurity were "unacceptable".

Britain's Medicines and Healthcare products Regulatory
Agency (MHRA) said https://www.gov.uk/drug-device-alerts/class-2-medicines-recall-zantac-injection-50mg-2ml-zantac-syrup-150mg-10ml-zantac-tablets-150mg-zantac-tablets-300mg-el-19-a-24
GlaxoSmithkline (GSK) was recalling four prescription-only
Zantac medicines: a syrup, an injection and tablets of 150 and
300 milligram dosages.

Over-the-counter products - Zantac 75 Relief and Zantac 75
Tablets - are produced by a different company and are not
affected by the recall, it added.

The MHRA said GSK was recalling all unexpired stock of the
medicines from pharmacies due to possible contamination of
carcinogen N-nitrosodimethylamine (NDMA).

The British company confirmed the recall.

"GSK is continuing with investigations into the potential
source of the NDMA," a company spokesman said, adding these
investigations include continued engagement with its suppliers
and with external laboratories to conduct tests on finished
product batches of Zantac.

The MHRA said healthcare professionals had been told to
"stop supplying the products immediately, quarantine all
remaining stock and return it to their supplier".

"We are advising that patients should not to stop taking
their medication, and do not need to see their doctor until
their next routine appointment but should seek their doctor's
advice if they have any concerns," the MHRA said.

GLOBAL STOPPAGE

U.S. and European health regulators said last month they
were reviewing the safety of ranitidine, after online pharmacy
Valisure flagged the impurities to them.

The FDA said Valisure's higher temperature testing method
generated very high levels of NDMA from the ranitidine drugs.

After checking the over-the-counter drugs using a low-heat
method of testing, the FDA said it found much lower levels of
NDMA than was discovered with a higher temperature test employed
by Valisure.

The U.S. regulator has asked ranitidine makers to conduct
their own testing to assess levels of the impurity and to send
samples of their products for testing by the agency.

Swiss drugmaker Novartis halted global distribution
of its ranitidine drugs last month.

Last week, Walmart Inc joined pharmacy chains CVS
Health Corp, Walgreens Boots Alliance Inc and
Rite Aid Corp in suspending the sale of over-the-counter
heartburn drugs containing ranitidine.

Canada's health authorities have asked makers of the drugs
to halt distribution as they gathers more information. Last
month, regulators in Hong Kong pulled four products, while in
Ireland 13 products containing ranitidine were recalled.

NDMA had previously been found in some blood pressure
medicines from a class of drugs known as angiotensin II receptor
blockers, or ARBs. The impurity was believed to have been
introduced by changes in the manufacturing process.

(Reporting by Justin George Varghese in Bengaluru; Editing by
Deepa Babington and Mark Potter)

More News
20 Jun 2024 16:01

Industry groups back drugmakers' appeal in Zantac cancer lawsuits

June 20 (Reuters) - A bid by GSK and other drugmakers to stop more than 70,000 lawsuits in Delaware over discontinued heartburn drug Zantac has received the backing of leading U.S. industry groups, including the United States Chamber of Commerce and Pharmaceutical Research and Manufacturers of America.

Read more
11 Jun 2024 14:31

Zantac litigation fears overdone at GSK, says Shore Capital

(Sharecast News) - Volatile moves in GSK's share price are likely to persist in the near term as a result of ongoing Zantac-related litigation, but the long-term investment case is "still appealing", according to Shore Capital, which kept a 'buy' rating on the stock.

Read more
11 Jun 2024 09:32

TOP NEWS: GSK takes first steps to appeal Zantac ruling in Delaware

(Alliance News) - GSK PLC on Tuesday said it has taken the first steps to seek appeal of a ruling by the Delaware Superior Court in regard to its discontinued heartburn drug Zantac.

Read more
11 Jun 2024 09:12

LONDON MARKET OPEN: FTSE 100 up; UK unemployment rises to 4.4%

(Alliance News) - Stock prices in London opened higher on Tuesday, after a difficult day for markets on Monday amid the EU election fallout.

Read more
11 Jun 2024 07:52

LONDON BRIEFING: FTSE 100 called up despite unemployment rise

(Alliance News) - The FTSE 100 in London was called to open higher on Tuesday, after data showed that unemployment in the UK unexpectedly rose.

Read more
11 Jun 2024 07:22

GSK launches appeal to recent Zantac ruling

(Sharecast News) - GSK has started the process of appealing a recent decision by the Delaware Superior Court regarding the ongoing Zantac, or ranitidine, litigation, it announced on Tuesday.

Read more
11 Jun 2024 00:32

GSK asks to appeal Delaware ruling allowing Zantac cases to go forward

June 10 (Reuters) -

Read more
10 Jun 2024 22:49

Latest trial over Zantac cancer claims called off as plaintiff drops case

June 10 (Reuters) - A woman who claimed in a lawsuit that GSK's discontinued heartburn drug Zantac caused her breast cancer dropped her case shortly before it was set to go to trial in Illinois state court on Monday, the company announced.

Read more
10 Jun 2024 19:00

TOP NEWS: GSK welcomes dismissal of Zantac case in Illinois

(Alliance News) - GSK PLC on Monday welcomed the dismissal of a case in the US concerning the heartburn drug, Zantac, which was due to start on Monday.

Read more
10 Jun 2024 12:42

EU to secure 40 million avian flu vaccines for 15 countries - officials

BRUSSELS, June 10 (Reuters) - The EU will sign a contract on Tuesday to secure over 40 million doses of a preventative avian flu vaccine for 15 countries with the first shipments heading to Finland, EU officials said on Monday.

Read more
10 Jun 2024 08:39

GSK gets FDA approval for Arexvy vax in 50-59 year olds at risk of RSV

(Alliance News) - GSK PLC on Monday announced that the US Food & Drug Administration has approved an expanded age indication for its respiratory syncytial virus vaccine.

Read more
10 Jun 2024 07:37

LONDON BRIEFING: FTSE called down amid political uncertainty in EU

(Alliance News) - Stocks in London are called to open lower on Monday, setting off the week on the backfoot, with eyes on the US Federal Reserve's latest interest rate decision.

Read more
10 Jun 2024 07:17

GSK's Arexvy vaccine approved for wider age range

(Sharecast News) - US regulators have approved the use of GSK's Arexvy vaccine for a younger age group, the biopharma group announced on Monday.

Read more
7 Jun 2024 19:34

What to know about bird flu in dairy cows and the risk to humans

CHICAGO, June 7 (Reuters) - The outbreak of bird flu in U.S. dairy cows has now been confirmed in Minnesota and Iowa, bringing to 11 the total number of affected states, which have been encouraged to ramp up testing efforts at the request of government officials.

Read more
5 Jun 2024 09:52

LONDON BROKER RATINGS: Berenberg raises Taylor Wimpey to 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and on Tuesday:

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.