(Finance) – Johnson & Johnsona US pharmaceutical company, announced that will stop selling the well-known talc-based baby hygiene powder globally in 2023, two years after the product was already withdrawn in the United States and Canada due to thousands of safety lawsuits. “As part of a global portfolio assessment, we have made the commercial decision to switch to a corn starch-based talcum powder portfolio,” the company said in a statement.
In 2020, J&J announced the end of talc sales in North America as demand had fallen on the back of what the company called “misinformation” on product safety. The US giant is facing approximately 38,000 lawsuits from consumers and their survivors, who claim that its talc-based products have caused cancer due to contamination with asbestos.
“Our position on security of our cosmetic talc remains unchanged – recalled JNJ again – We strongly support the decades of independent scientific analysis by medical experts around the world that confirm that Johnson & Johnson Baby Powder is safe, does not contain asbestos and does not cause cancer. “
Last October, Johnson & Johnson created a controlledLTL Management, to which it has sold the lawsuits related to talc and then declared bankruptcysuspending legal actions.