Sanofi shares rise on positive Zantac case development
French drugmaker Sanofi (Euronext: SAN) has prevailed in a legal battle with Boehringer Ingelheim relating to the heartburn drug Zantac (ranitidine).
In an International Chamber of Commerce dispute, the tribunal dismissed the German firm’s indemnification claim against Sanofi and confirmed that the Paris-based company shall not be liable to indemnify Boehringer for any potential losses in relation to the ongoing Zantac litigation in the USA.
Confidence in wider position
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