Friday, December 14, 2018
Johnson & Johnson knew for decades that its baby powder contained asbestos, Reuters said in a report that drove the company's shares down by more than 11 percent Friday.
Johnson & Johnson released a statement refuting the aricle:
"The Reuters article is one-sided, false, and inflammatory. Johnson & Johnson's baby powder is safe and asbestos-free. Studies of more than 100,000 men and women show that talc does not cause cancer or asbestos-related disease. Thousands of independent tests by regulators and the world's leading labs prove our baby powder has never contained asbestos. Johnson & Johnson will continue to defend the safety of our product."
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