Johnson & Johnson announced Tuesday, April 4, it will pay $8.9 billion over the next quarter of a century to settle "all current and future" claims that alleged the company's baby powder and other cosmetic talc products caused cancer.
"The company continues to believe that these claims are specious and lack scientific merit," said Erik Haas, a J&J vice president. "However, resolving these cases in the tort system would take decades and impose significant costs on (the company) and the system, with most claimants never receiving any compensation."
In 2019, J&J recalled a shipment of baby powder when a sample tested positive for a trace amount of asbestos, and sales of the product ended in 2020.
Additionally, J&J announced in 2022 it would stop using talc in its worldwide baby powder products this year, replacing the ingredient with cornstarch.
Do you want more business news? Check out B Magazine, and the B Magazine email newsletter. Go to www.semissourian.com/newsletters to find out more.
Connect with the Southeast Missourian Newsroom:
For corrections to this story or other insights for the editor, click here. To submit a letter to the editor, click here. To learn about the Southeast Missourian’s AI Policy, click here.