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Aug. 11, 2022, 5:53 p.m. EDT

Johnson & Johnson to discontinue talc-based baby powder in 2023

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By Denny Jacob

Johnson & Johnson /zigman2/quotes/201724570/composite JNJ -0.71% 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.

/zigman2/quotes/201724570/composite
US : U.S.: NYSE
$ 163.36
-1.17 -0.71%
Volume: 8.99M
Sept. 30, 2022 4:00p
P/E Ratio
23.74
Dividend Yield
2.77%
Market Cap
$429.50 billion
Rev. per Employee
$674,898
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