After thousands of lawsuits alleging cancer claims, Johnson & Johnson announced it is pulling talc-based baby powder off shelves by the end of next year.
After thousands of lawsuits alleging cancer claims, Johnson & Johnson announced it is pulling talc-based baby powder of shelves by the end of next year.& Johnson is pulling baby powder containing talc worldwide next year after it did the same in the U.S. and Canada amid thousands of lawsuits claiming it caused cancer.
The company did so after it saw demand drop due to "misleading talc litigation advertising that caused global confusion and unfounded concern," about product safety a company spokeswoman said.&J said the change announced late Thursday will simplify its product selection and meet evolving global trends.&J said a separate subsidiary it created to manage talc litigation claims had filed for Chapter 11 bankruptcy protection.
The health care giant also said last fall that it will turn its consumer health business - which sells the baby powder, Band-Aids and other products - into a separate publicly traded company. The part of the company selling prescription drugs and medical devices will keep the J& Johnson, based in New Brunswick, New Jersey, rose slightly before the opening bell Friday.
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