America, Deal Makers, Financial, News, The Rich

The World’s largest Healthcare Company Johnson & Johnson Ordered to Pay $4.7 Billion to 22 Women for Causing Ovarian Cancer

The World’s largest Healthcare Company Johnson & Johnson Ordered to Pay $4.69 Billion for Causing Ovarian Cancer in 22 Women

The world’s largest healthcare company Johnson & Johnson had been ordered to pay $4.69 billion for causing 22 women to develop ovarian cancer.  The court in the United States had reached a unanimous verdict to award $550 million in compensation to the 22 women and $4.14 billion in punitive damages, of which 6 women had died from ovarian cancer.

” The World’s largest Healthcare Company Johnson & Johnson Ordered to Pay $4.69 Billion for Causing Ovarian Cancer in 22 Women “

Johnson & Johnson talc products were found to contained asbestos that can lead to cancer, according to the International Agency for Research on Cancer (IARC).  The women and family members had used Johnson & Johnson baby power and talc products over a long period.  Their lawyers had alleged the company know their talc products contained asbestos since the 1970s.  Talc is the world’s softest rock and is often found together with asbestos.  It is often used as cosmetic (talcum powder), baby power, to keep sports players hand dry and is produced as lubricant.

The company will be appealing the case, is also facing more than 9,000 claims on its talc products to have caused cancer development.  Johnson & Johnson produces some of the world’s have recognised household brands including contact lens Acuvue, NEUTROGENA, Band-Aid, Listerine and luxury brand Coach.

Source: J&J, Reuters, Time, BBC, IARC

 

Video:

 

Video:

 

Video:

 

Video:

 

Video:


The Wealth Insider is the world’s leading wealth intelligence for global wealth managers, investments managers, asset managers, high net-worth service providers and wealthy individuals.  Our global workforce seamlessly present the inside news of the most relevant news, insights, global wealth trends, innovation & digital transformation to our global audience.

Get The Wealth Insider Daily

  • For Press Release,  please contact press@thewealthinsider.com
  • For Media-related enquiries, please contact media@thewealthinsider.com
  • For Advertisement, please contact our official ad agency
Previous Article