J&J faces criminal probe related to baby powder - Bloomberg

FILE PHOTO: The Johnson & Johnson logo is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 29, 2019. REUTERS/Brendan McDermid - Copyright Brendan McDermid(Reuters)

By Reuters

Published on 12/07/2019 - 20:04•Updated 26/04/2024 - 05:45

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(Reuters) - The U.S. Justice Department is pursuing a criminal probe into whether Johnson & Johnson <JNJ.N> 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.

(Reporting by Ankur Banerjee in Bengaluru; Editing by Chizu Nomiyama)

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