Johnson & Johnson recalls baby powder for asbestos contamination

Johnson & Johnson recalls baby powder for asbestos contamination

Johnson & Johnson recalls baby powder for asbestos contamination

USA consumers who have a bottle from that lot have been told to stop using it, with refunds available through the company's website.

Shares in Johnson & Johnson fell more than 3 percent in morning trade.

After the FDA tests last month, J&J issued a statement that stated their products do not - broadly speaking - contain asbestos. The FDA began routinely testing products used in cosmetics in 2018, after the flap involving Claire's cosmetics and asbestos.

The firm has maintained that its products are safe, but investigations by the New York Times and Reuters previous year found that the risks of asbestos in its talc products had anxious the company for decades. But when they have gone for another lot test, the result found out to be negative. They have since launched an investigation with the FDA. The executives didn't take questions from participants on the call.

"The management team here will look at what a reasonable outcome could be for all stakeholders involved", Wolk said. Baby powder has been at the center of thousands of lawsuits against J&J, the Wall Street Journal recently reported.

J&J declined to comment on Mr. Biegelsen's projections.

Baby Powder-related liabilities could eventually cost the company as much as $10 billion, according to Bloomberg Intelligence.

American company Johnson & Johnson is once again in the headlines for its product.

Reuters on December 14 published a special report detailing that the company knew for decades that trace amounts of asbestos could be found in its talc.

A jury final week ordered the firm to pay $8 billion to a plaintiff in a case claiming J&J downplayed the dangers of Risperdal. Johnson & Johnson is facing 15,500 lawsuits, according to NBC News, that clam the company's baby powder and other talc-based products caused them to develop cancer, including mesothelioma and ovarian cancer, two cancers that have been linked to asbestos exposure.

Internal company records, trial testimony and other evidence show that from at least 1971 to the early 2000s, the company's raw talc and finished powders sometimes tested positive for small amounts of asbestos.

The amount of asbestos found was considered a "sub-trace level" (no greater than 0.00002%), but the company issued the recall "out of an abundance of caution".

That is, unless it was a false positive result. This is not the first time that a product of Johnson & Johnson Company has been found to contain carcinogenic elements.

"We sympathize with anyone suffering from cancer, and we understand patients and their families are seeking answers".

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