GSK disagrees with ruling by Delaware State Court on ranitidine litigation, to seek appeal

The litigation in Delaware remains at an early stage, and the ruling, under the Daubert standard, relates only to the question of whether the methodology used by plaintiffs’ experts is sufficiently reliable to allow them to present their evidence at trial.

The ruling does not mean that the Court agrees with plaintiffs’ experts’ scientific conclusions, and it does not determine liability.

"GSK will continue to vigorously defend itself against all claims and manage this litigation in the best interests of shareholders. Alongside immediately seeking an appeal to the Delaware Supreme Court, the Company will file motions for dismissal pressing additional defenses, severance of cases, and proof-of-use by claimants; and, at the same time, the Company will progress to trials of individual cases," the Company stated in a release.

GSK’s capital allocation priorities remain unchanged, and the ruling has no impact on the Company’s investment plans for growth.