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Johnson & Johnson is paying a $ 300 million punitive reward to a woman who has blamed her rare asbestos-related cancer for the company's talc products, the company said Friday.
Earlier this month, a jury in the state of New York allocated $ 25 million to the woman and her husband as compensatory damages.
J & J faces more than 13,000 talc-related lawsuits. The consumer products company, which makes everything from Tylenol lotions to Aveeno lotions, denies claims that its talc could cause cancer. Numerous studies and tests by regulators around the world have shown that its talc is safe and asbestos-free.
"This lawsuit has suffered serious errors of law and evidence which, according to Johnson & Johnson, deserve an appeal annulment," J & J said in a statement to CNBC. "Decades of tests by independent experts and academic institutions repeatedly confirm that Johnson's baby powder does not contain asbestos and does not cause cancer."
Last summer, J & J relaunched its line of iconic baby products of the same name to reverse the decline of J & J's baby care unit. The brand, old to 124 years old, had no longer trusted her for decades but was no longer in touch with consumers, namely millennials, who had opted for cleaner and natural products of fashionable brands.
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