Johnson & Johnson to settle talc baby powder investigation, will reportedly pay $700 million
Publishing timestamp: 2024-01-23 16:55:20
Summary
Johnson & Johnson has reached a tentative settlement with over 40 states to resolve investigations into whether the company misled patients about the safety of its talc-based products. The settlement does not resolve the ongoing lawsuits alleging that these products caused cancer. J&J will pay $700 million to settle the states' claims, but the company still faces financial and public relations trouble.
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Keywords: health care industry, johnson & johnson, business, biotech and pharmaceuticals, business news, pharmaceuticals, products and services, biotechnology, breaking news,
Source: https://www.cnbc.com/2024/01/23/johnson-johnson-to-settle-talc-baby-powder-probe.html