diff --git a/CHANGELOG.md b/CHANGELOG.md
index df621388..994e1f2d 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -3,6 +3,11 @@ Changelog
 
 ## TBD
 
+### Fixes
+
+* Allow Gem paths to be stripped from file names in stacktraces when they contain a Regexp special character
+  | [#764](https://github.com/bugsnag/bugsnag-ruby/pull/764)
+
 ### Enhancements
 
 * Use `Exception#detailed_message` instead of `Exception#message` when available
diff --git a/lib/bugsnag/stacktrace.rb b/lib/bugsnag/stacktrace.rb
index 344cd054..fd932a04 100644
--- a/lib/bugsnag/stacktrace.rb
+++ b/lib/bugsnag/stacktrace.rb
@@ -48,7 +48,9 @@ def self.process(backtrace, configuration)
 
         # Strip common gem path prefixes
         if defined?(Gem)
-          file = Gem.path.inject(file) {|line, path| line.sub(/#{path}\//, "") }
+          Gem.path.each do |path|
+            file.sub!("#{path}/", "")
+          end
         end
 
         trace_hash[:file] = file