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Johnson & Johnson isn't admitting any wrongdoing as part of the proposed settlement, a point that a company executive emphasised in a Tuesday statement that maintained the claims 'are specious and lack scientific merit'.
Johnson & Johnson's announcement comes after thousands of lawsuits were filed against the company by several women who claimed that the talcum-based baby powder contained asbestos and many of them developed several health issues including ovarian cancer.
Johnson & Johnson announced its intention to discontinue sales of its talc-based baby powder products globally in 2023.