FRANKFURT: Shares in Bayer hit an almost 7-year low on Thursday after a U.S. jury awarded US$80 million to a man claiming use of the group's weed killer Roundup caused his cancer, with thousands of similar lawsuits looming.
The stock was, however, spared the type of plunge it suffered last week when it fell 9.6 percent on the jury's conclusion - part-way into the Hardeman trial - that there was a causal link between the weedkiller and the plaintiff's disease. "Even if Monsanto/Bayer may win some cases, there is great uncertainty about the number of victories and defeats. That is why we expect Bayer to try to settle the remaining cases," said Bryan Garnier analyst Jean-Jacques Le Fur.
Source: Healthcare Press (healthcarepress.net)
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