ROSEN, A TRUSTED AND LEADING LAW FIRM, Encourages GSK plc Investors to Secure Counsel Before Important Deadline in Securities Class Action - GSK - Seite 2

DETAILS OF THE CASE: The complaint alleges that, throughout the Class Period, defendants represented to investors that GSK removed Zantac, a treatment for heartburn and acid reflux, from the market "[b]ased on information available at the time and correspondence with regulators," and that GSK was "continuing with investigations into the potential source of NDMA, [a cancer-causing poison]." Defendants also assured investors that "GSK, the FDA [U.S. Food and Drug Administration], and the EMA [European Medicines Agency] have all independently concluded that there is no evidence of a causal association between ranitidine therapy and the development of cancer in patients," findings that were "consistent with other ranitidine data published prior to 2019." Finally, defendants claimed that they could not "quantify or reliably estimate the liability" GSK could face from Zantac-related legal proceedings.

These representations were materially false or misleading. In truth, GSK was fully aware of the source of NDMA and had been for nearly 40 years before withdrawing Zantac from the market. Furthermore, defendants' representations about their ability to "quantify or reliably estimate the liability" deceived investors, who did not know that GSK had for decades concealed an internal study that implicated GSK's liability to Zantac users. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the GSK class action, go to https://rosenlegal.com/submit-form/?case_id=34609 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [e-mail] for information on the class action. A class action lawsuit has already been filed.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

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Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: [phone]
Toll Free: [phone]
Fax: [phone]
[e-mail]
www.rosenlegal.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/245716

The GSK Stock at the time of publication of the news with a raise of 0,00 % to 36,40EUR on Tradegate stock exchange (21. März 2025, 22:26 Uhr).