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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Johnson and Johnson | NYSE:JNJ | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| -0.92 | -0.63% | 145.90 | 147.175 | 145.95 | 146.70 | 6,182,981 | 00:52:45 |
From Apr 2022 to Apr 2024
By Denny Jacob
Johnson & Johnson said Thursday its talc-based baby powder will be discontinued globally in 2023.
The healthcare-products company said it will transition to an all cornstarch-based baby powder portfolio as part of a worldwide portfolio assessment.
"This transition will help simplify our product offerings, deliver sustainable innovation, and meet the needs of our consumers, customers and evolving global trends," the company said in a statement.
The New Brunswick, N.J.-based company said its position on the safety of its cosmetic talc remains unchanged.
In July, a bankruptcy judge said he would consider appointing an independent expert to assist in evaluating the mass claims linking Johnson & Johnson's talc-based baby powder to cancer.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
August 11, 2022 18:05 ET (22:05 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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