Johnson & Johnson Offers ₹73,000 Cr To Settle Talc Cancer Claims
Johnson & Johnson (J&J) will pay $8.9 billion to settle tens of thousands of claims that its talc-based Baby Powder and other products caused cancer.
In order to settle tens of thousands of claims alleging that its talc-based Baby Powder and other products caused cancer, the pharmaceutical giant Johnson & Johnson (J&J) has agreed to pay $8.9 billion.
After years of litigation, a settlement has been suggested. J&J had already put aside $2 billion for the same purpose in October 2021.
According to the business, more than 60,000 people have filed claims alleging harm from J&J talcum powder, supporting the updated sum.
One of the largest product-liability settlements in US history would emerge from the plan, which would see a J&J subsidiary reapply for Chapter 11 bankruptcy protection. It would take 25 years to pay back the $8.9 billion.
In the claims brought against J&J, it was claimed that using talcum powder for feminine hygiene could lead to the development of ovarian cancer or mesothelioma, a cancer that affects the lungs and other organs.
The allegations caused J&J to discontinue selling its talc-based products in 2020 as a result of a decline in baby powder sales. J&J announced plans to stop the product’s global sales last year.
Johnson Baby Powder is harmless, does not contain asbestos, and does not cause cancer, according to decades of independent scientific research undertaken by medical professionals from throughout the world. The business denies any wrongdoing, claiming that the assertions are “specious and lack scientific substance.”
Many falsehoods, according to J&J, are to blame for the nearly 38,000 consumer lawsuits that have been filed in North America.
The business has cited numerous scientific investigations and government approvals as proof of the safety of its goods.
Nevertheless, a December 2018 Reuters investigation found that J&J concealed such information from authorities and the general public despite knowing for decades about testing revealing that its talc occasionally contained hazardous asbestos.
J&J has insisted that their talc products, including Baby Powder, are risk-free, asbestos-free, and do not cause cancer.
J&J has decided to transition to a baby powder portfolio that is entirely made of cornstarch as part of a global portfolio study. The company claims that many nations already carry its cornstarch-based infant powder.
J&J claimed that in order to put the business in the best possible position for long-term success, it continuously evaluates and enhances its portfolio.
The company is confident that this adjustment will streamline its product lineup, produce sustainable innovation, and satisfy the shifting global trends as well as the demands of its clients and consumers.
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