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'The demographic dividend of the last 40 years is ending': J.P. Morgan says the world is running out of the two things that kept interest rates down

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'The demographic dividend of the last 40 years is ending': J.P. Morgan says the world is running out of the two things that kept interest rates down

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Jensen Huang made his $172 billion fortune on AI chips. His family's $75 million gift to Vanderbilt argues art decides what technology is for

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The $39 trillion U.S. national debt isn’t as high as Japan’s and Singapore’s relative to economy size—and yet it's still worse somehow
HealthJohnson & Johnson

Judge Reverses Record $417 Million Verdict Against Johnson & Johnson Over Alleged Baby Powder Cancer Link

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Sy Mukherjee
Sy Mukherjee
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By
Sy Mukherjee
Sy Mukherjee
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October 24, 2017, 4:44 PM ET
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Johnson and Johnson won its second consecutive legal victory in one week after a judge reversed a record $417 million jury verdict against the health giant over alleged links between ovarian cancer and its talc based products. J&J talcum products like Johnson Baby Powder have long been used by women for feminine hygiene purposes, and there are more than 4,800 plaintiffs across the country suing over an alleged association with their or their family members’ cancers.

Johnson & Johnson had lost several major jury trials in these cases; the two recently reversed verdicts total nearly $500 million in damages that would have had to be paid to patients and their families.

“We are pleased with Judge Maren Nelson’s ruling. Ovarian cancer is a devastating disease, but it is not caused by the cosmetic-grade talc we have used in Johnson’s Baby Powder for decades,” said a Johnson & Johnson spokesperson in a statement on the latest court decision.

Johnson & Johnson has long argued that its talcum products have been proven safe by years of research. There’s some conflicting data out there about the safety of talc use for feminine hygiene; for instance, it may depend on the type of talc in question. But the more dangerous types (including those which may contain some asbestos in their natural forms) aren’t used for commercial purposes. In other kinds of talcum powder, the cancer risk studies “have been mixed, with some studies reporting a slightly increased risk and some reporting no increase,” according to the American Cancer Society.

J&J has been pushing against some of the baby powder verdicts on jurisdictional grounds; the plaintiffs in the recently reversed cases may decide to appeal.

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