Johnson & Johnson knew for decades that their talc had asbestos: research | UNIVERSAL



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US-based Wells Fargo said it was "overstated" by Johnson & Johnson (-9.95%) in the stock market after information that the company had known for decades that its talcum powder contained asbestos .

The bank told its clients that it still believed that "Johnson & Johnson (J & J) shares will perform better" despite these allegations, as well as the sale of its shares in the New York park "is probably overstated," according to pick up the CNBC channel.

J & J's share price collapsed shortly after the Reuters news agency published a report claiming the company had known for decades that talc contained asbestos, a mineral of composition and characteristics similar to asbestos. and harmful to health.

For its part, J & J accused the veracity of the information in a statement.

"In a nutshell, Reuters's story in an absurd conspiracy theory that apparently lasted for over forty years and has been orchestrated by generations of global regulators and the world's top scientists and universities, as well as such as the most important independent laboratories and J & J's own employees, "the company said.

In August 2017, a US jury convicted J & J of paying $ 417 million for failing to warn of the cancer risk associated with the use of its talc products, and in July 2018 another jury ordered the company $ 4.69 billion to 22 women and their families. They blame their talc products for causing ovarian cancer.

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