Home Business Cloud J&J Baby Powder To Quit Selling Globally in 2023

J&J Baby Powder To Quit Selling Globally in 2023

J&J Baby Powder To Quit Selling Globally in 2023
Photo Courtesy: Hindusthan Times

Johnson & Johnson will halt selling talc-based baby powder globally in 2023, the produce department confirmed, more than two years after it completed US sales of a product that drew thousands of consumer safety lawsuits. It said, “As part of a world’s portfolio assessment, we have created the commercial decision to transition to an all cornstarch-based baby powder portfolio.” It further said that cornstarch-based baby powder is already sold in countries around the world. The article contains J&J Baby Powder To Quit Selling Globally in 2023.

In 2020, J&J disclosed that it would quit selling its talc Baby Powder in the United States and Canada as demand had fallen in the wake of misinformation regarding the product’s safety amid a barrage of legal challenges. It faces about 38,000 lawsuits from consumers and survivors claiming its talc products resulted from cancer due to contamination with asbestos, named carcinogen.

However, J&J denies the allegations, saying decades of scientific testing and regulatory approvals have shown its talc to be safe and asbestos-free. It reiterated the statement as it declared the discontinuation of the product. J&J spun off subsidiary LTL Management in October, assigned its talc claims to it, and instantly placed it into bankruptcy, pausing the pending lawsuits. Those suing have said Johnson & Johnson should have to defend itself against the lawsuits, while defendants of J&J and the bankrupt subsidiary process state it is an equitable way to compensate claimants.

However, before the bankruptcy filing, the firm encountered expenses from $3.5 billion in verdicts and settlements, including one in which 22 women won a judgment of more than $2 billion, according to bankruptcy court records. In addition, a shareholder proposal to end global sales of the talc baby powder failed in April. The research discovered that J&J knew for decades that asbestos, a carcinogen, was included in its talc products. Internal company records, trial testimony, and rest evidence demonstrated that from 1971 to the early 2000s, J&J’s raw talc and finished powders tested positive for small amounts of asbestos.

To get more Business news, Please Click Here!

Previous articleSerena Williams Announced Her Retirement From Tennis
Next articleIndia’s Retail Inflation Likely Lessened

LEAVE A REPLY

Please enter your comment!
Please enter your name here