The Justice Division is pursuing a prison probe into whether or not Johnson & Johnson lied concerning the conceivable most cancers dangers of its talcum powder, in line with a Bloomberg file Friday.
Stocks of J&J had been down greater than 4% in early afternoon buying and selling.
The shopper merchandise corporate, which makes the whole thing from Tylenol to Aveeno creams, faces greater than 13,000 talc-related complaints. J&J has denied allegations that its talc reasons most cancers. It stated a lot of research and assessments through regulators international have proven that its talc is secure and asbestos-free.
J&J and the Justice Division weren’t in an instant to be had for remark.
Ultimate month, a California jury dominated in choose of a plaintiff who blamed her most cancers on talcum-based child powder merchandise made through J&J and Colgate-Palmolive. That got here simply two weeks after the corporate used to be ordered to pay $300 million in punitive damages to a girl in New York who blamed her most cancers at the corporate’s talc merchandise.
J&J relaunched its iconic namesake child product line final summer season to opposite a decline within the corporate’s child care unit. Whilst relied on for many years, the 124-year-old emblem had fallen out of contact with shoppers, specifically millennial mothers, who’ve been more and more choosing upstart manufacturers with a trendier, extra herbal symbol.