Johnson & Johnson Will Pay $700 Million to Resolve Baby Powder Marketing Probe, Report Says
Johnson & Johnson will pay an estimated $700 million to resolve an investigation by more than 40 states into the pharmaceutical firm’s marketing of its talcum powder, according to Bloomberg, following thousands of lawsuits alleging it failed to warn customers about cancer risks.
Johnson & Johnson and representatives for state attorneys general involved in the investigation have agreed on the settlement amount but not other terms for the agreement, Bloomberg reported. The agreement is expected to protect Johnson & Johnson from future lawsuits involving its talc-based baby powder and alleged cancer risks.
50,000. That’s how many lawsuits Johnson & Johnson faces over its talcum-based baby powder, according to Reuters. Several cases allege the powder caused several forms of cancer, including ovarian and mesothelioma.