Johnson & Johnson has agreed to pay more than $100 million to resolve more than 1,000 lawsuits that accused its baby powder for causing cancer says the latest Bloomberg report. In four years of litigation, this will be the first set of major settlements.
J&J faces more than 20,000 lawsuits related to claims that its talc products caused cancer due to contamination with asbestos.
The settlement comes seven months since J&J last faced a jury reviewing evidence about its talc product's cancer risks. The drugmaker still maintains it's talc products are safe, although it has replaced it with a cornstarch version in the U.S. and Canada.
Read the Bloomberg report