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J&J faces criminal probe related to baby powder: Report

A grand jury in Washington is looking into documents related to what company officials knew about any carcinogens in their products, according to the Bloomberg report.

July 12, 2019 / 22:34 IST

The US Justice Department is pursuing a criminal probe into whether Johnson & Johnson lied about potential cancer risks of its talcum powder, Bloomberg reported, citing people with knowledge of the matter.

A grand jury in Washington is looking into documents related to what company officials knew about any carcinogens in their products, according to the Bloomberg report.

J&J did not immediately respond to a Reuters request for comment.

Shares of the company fell 5% at $133.94 following the report.

 

Reuters
first published: Jul 12, 2019 10:33 pm

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