Johnson & Johnson baby powder case: Action will be taken after sample test, says Himachal drug controller Navneet Marwaha
The samples were seized after a report by a London-based news agency, Reuters, claimed that Johnson & Johnson's raw talc and finished powders sometimes tested positive for small amounts of (cancer-causing) asbestos for the last few decades.
Johnson and Johnson: Drug regulator likely to seize talcum powder samples for testing in countrywide raids today
India’s drug regulator is likely to investigate Johnson and Johnson baby powder following recent reports that said the company knew for decades about the presence of cancer-causing asbestos in the product.
While Johnson & Johnson has dominated the talc powder market for more than 100 years, the products contributed less than 0.5% its $76.5 billion in revenue last year.
Johnson & Johnson knew about cancer-causing asbestos lurking in its baby powder since decades, says report; company shares nosedive
Shares of Johnson & Johnson fell 10 percent on Friday and were on track to post their biggest percentage drop in more than 16 years, after Reuters reported that the pharma major knew for decades that cancer-causing asbestos was present in its Baby Powder.