In response to speculative commentary regarding ranitidine (Zantac®) litigation from a news story that contained certain misleading and inaccurate information, Perrigo Company plc (NYSE:PRGO), a leading provider of Consumer Self-Care Products, today issued the following statement:
On August 4, 2022, Perrigo was dismissed from the Madison County, IL, case of Bayer v. Boehringer Ingelheim, et al, with prejudice, meaning the plaintiff’s claims against Perrigo in that litigation cannot be refiled. The August 16, 2022 notice of dismissal of claims, and impending trial, against the branded companies did not involve Perrigo. Contrary to the news story, plaintiff’s filings contradict the false report that the plaintiff only purchased private label product. In fact, plaintiff’s complaint claimed purchases of both brand name Zantac® and private label ranitidine.
Importantly, there have been no material developments regarding ranitidine-related litigation to what has been previously disclosed. The industry maintains strong defenses to such claims based on the body of scientific evidence, which indicates there is no causal relationship between ranitidine and cancer. Further, as a private label manufacturer, Perrigo has additional defenses under federal preemption. These defenses have been successfully used to obtain dismissals in the majority of ranitidine cases involving Perrigo. To date, Perrigo has successfully won multiple Motions to Dismiss in the federal multi-district litigation and state court actions in California and Maryland.
Perrigo will continue to vigorously defend itself against all meritless claims.
