February 17, 2020 – Sanofi has taken a $186 million write-off for Zantac after recalling it back in October 2019. The following companies have now recalled a version of Zantac:
- Golden State Medical Supply
- Novitium Pharma
- Northwind Pharmaceuticals (a.k.a. Denton Pharma)
- Sandoz (pharma division of Novartis)
- Appco Pharma
- Lannett Company
Also, Walgreens and CVS have stopped selling Zantac.
Reference: Blankenship, Kyle. “Sanofi Takes $186M Hit on the Heels of Zantac Recall.” Fierce Pharma, 06 Feb. 2020, https://www.fiercepharma.com/manufacturing/sanofi-takes-a-big-financial-hit-after-recall-contaminated-zantac; www.sanofi.com/-/media/Project/One-Sanofi-Web/Websites/Global/Sanofi-COM/Home/en/investors/docs/2019_Q4_Press_Release_EN.pdf.