“Pharma stocks crater as investors brace for billions in heartburn drug litigation charges”
August 12, 2022
“Shares of GlaxoSmithKline, Sanofi and Haleon all sold off sharply this week, shedding tens of billions in market value, amid investor fear over potential U.S. litigation charges focused on popular heartburn drug Zantac.
This has been a known issue bubbling in the background for years but investor concern exploded this week in the lead-up to the first scheduled legal proceeding on Aug 22…”
This was known for a long time and people were still investing in those companies? Not a good idea. Not a good idea at all.