Why GSK Plc And Sanofi SA Stock Are Shooting Higher - GSK (NYSE:GSK), Sanofi (NASDAQ:SNY)

Shares of GSK plc GSK and Sanofi SA SNY are trading higher going into the close of Tuesday’s session after the companies reportedly won a Zantac product liability lawsuit.

The drugmakers on Tuesday defeated thousands of lawsuits in U.S. federal court, per a court filing. The lawsuits claimed that the popular heartburn drug Zantac caused cancer. A judge found the claims were not backed by sound science.

According to data from Benzinga Pro:

  • GSK closed higher by 7.85% to $37.92
  • SNY closed higher by 8.06% to $48.55



Image and article originally from www.benzinga.com. Read the original article here.