Skip to content
Search

Latest Stories

Report On Johnson & Johnson Baby Powder Under Consideration: Indian Regulator

India's federal drug regulator said on Tuesday (18) a Reuters report that Johnson & Johnson (J&J) knew for decades that cancer-causing asbestos lurked in its baby powder was "under consideration".

A spokeswoman for the Central Drugs Standard Control Organization (CDSCO) told Reuters it was too early to say if a formal investigation would be launched into the baby powder that is ubiquitous in many Indian homes, a potential market of 1.3 billion people.


K Bangarurajan, a senior official at the CDSCO, told Reuters powder samples were tested earlier but nothing wrong was found in them.

"We tested samples in 2016, but no such thing was found in them," Bangarurajan said by phone. "The samples were found to be complying with Indian standards."

A J&J spokesperson in India said it had not been contacted by the government since the Reuters story.

J&J said in a statement that the Reuters article, which was published last week, "is one-sided, false and inflammatory."

"Johnson & Johnson's baby powder is safe and asbestos free," it added. "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," the company said.

A Reuters examination of many company memos, internal reports and other confidential documents, as well as deposition and trial testimony, showed that from at least 1971 to the early 2000s, the company’s raw talc and finished powders sometimes tested positive for small amounts of asbestos, and that company executives, mine managers, scientists, doctors, and lawyers fretted over the problem and how to address it while failing to disclose it to regulators or the public.

The documents also depicted successful efforts to influence US regulators’ plans to limit asbestos in cosmetic talc products and scientific research on the health effects of talc.

Before the Reuters report, a small portion of the documents had been produced at trial and cited in media reports. Many were shielded from public view by court orders that allowed J&J to turn over thousands of documents it designated as confidential. Much of their contents was reported by Reuters for the first time.

J&J said on Monday (17) it planned to buy back up to $5 billion of its stock, after the Reuters report wiped about $40 billion from its market value.

Reuters

More For You

JLR-Tata-Getty

JLR had initially planned to manufacture more than 70,000 electric vehicles at the facility. (Photo: Getty Images)

JLR halts plan to build EVs at Tata’s India plant: Report

JAGUAR LAND ROVER (JLR) has put on hold plans to manufacture electric vehicles at Tata Motors’ upcoming £775 million factory in southern India, according to a news report.

The decision was influenced by challenges in balancing price and quality for locally sourced EV components, three of the sources said. They added that slowing demand for electric vehicles was also a factor.

Keep ReadingShow less
Government to abolish payments regulator to boost growth

Keir Starmer (R) and Rachel Reeves host an investment roundtable discussion with members of the BlackRock executive board at 10 Downing Street on November 21, 2024 in London, England. (Photo by Frank Augstein - WPA Pool/Getty Images)

Government to abolish payments regulator to boost growth

PAYMENTS REGULATOR will be abolished and its remit absorbed by another financial regulator, the government said on Tuesday (11), as it aims to cut red tape in favour of growth.

The Payment Systems Regulator (PSR), which oversees systems including MasterCard and bank transfers, tackles problems such as fraud, excessive fees and lack of competition among banks and payment providers.

Keep ReadingShow less
Boohoo

Boohoo’s shares, which have fallen by about 20 per cent this year, dropped 4 per cent on Tuesday. (Photo: Getty Images)

Boohoo rebrands as Debenhams after 21 per cent sales drop

BOOHOO has rebranded itself as Debenhams Group after sales from its young fashion brands, including Boohoo, MAN, and PrettyLittleThing, declined by 21 per cent to £947 million.

The move comes amid strong competition from Shein and a shift towards second-hand clothing among younger shoppers, The Guardian reported.

Keep ReadingShow less