Johnson And Johnson Baby Powder To Be Tested For Carcinogen: Reports
NEW DELHI: The drug regulator will on Wednesday seize samples of Johnson & Johnson's baby powder for testing, a newspaper stated, following a Reuters report that the company knew for decades that cancer-causing asbestos lurked in the product. The Times of India quoted an official source as saying that a team of 100 drug inspectors had been assigned to examine different manufacturing facilities, wholesalers and distributors, starting early Wednesday. "Samples of all brands of the powder will be collected and sent for testing," the unnamed official told the paper.
The Mint business daily also quoted an unnamed official as saying that the drug inspectors would visit J&J's manufacturing operations and draw samples for further investigation.
On Tuesday, a spokeswoman for the Central Drugs Standard Control Organization (CDSCO) said the Reuters report was "under consideration" but that it was too early to say if a formal investigation would be launched into the baby powder that is ubiquitous in many domestic homes, a potential market of 1.3 billion people.
The CDSCO spokeswoman did not immediately respond to a request for comment on Wednesday.
A health ministry spokeswoman declined to comment.
J&J in India did not have any immediate comment on the reports of sample seizures by the authorities.
On Tuesday the company said in a statement that the Reuters article, which was published on Friday, "is one-sided, false and inflammatory".
"Johnson & Johnson's baby powder is safe and asbestos free," it added. "Studies of more than 100,000 men and women show that talc does not cause cancer or asbestos-related disease. Thousands of independent tests by regulators and the world's leading labs prove our baby powder has never contained asbestos," the company said.
A Reuters examination of many company memos, internal reports and other confidential documents, as well as deposition and trial testimony, showed that from at least 1971 to the early 2000s, the company's raw talc and finished powders sometimes tested positive for small amounts of asbestos, and that company executives, mine managers, scientists, doctors and lawyers fretted over the problem and how to address it while failing to disclose it to regulators or the public.
The documents also depicted successful efforts to influence US regulators' plans to limit asbestos in cosmetic talc products and scientific research on the health effects of the talc.
J&J said on Monday it planned to buy back up to $5 billion of its stock, after the Reuters report wiped about $40 billion from its market value.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
-
Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.
-
The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
-
Talking Points This Week: AI Cash Burn, A Tiger Comeback And An India That Still Finds Its Own Path
India is not immune to higher oil or tighter global liquidity, yet its earnings base is broader, its domestic policy levers are still available.
-
Foreign Investors Own Half Of HDFC Bank and ICICI Bank. An LTCG Cut Could Matter Most Here
Foreign portfolio investors have US$115 billion parked in HDFC Bank, ICICI Bank. If the government cuts long-term capital gains tax, Jefferies says returning foreign money could land here first.
-
'Never Seen This Level Of Negativity': Sandeep Tandon Says The Next Rally May Be Closer Than You Think
Veteran investor Sandeep Tandon says foreign selling is easing, large-caps are due a comeback and mid-caps are crowded, while he turns positive on gold, power and pharma this Diwali.
-
Indians Stay With Family, Not In Hotels | The Reason Why
India still lacks enough clean, reliable and affordable hotels for budget-conscious travellers.
-
The Economic Imperative: Analysing The Material Driving Force Behind India-Canada Strategic Reset
This economic complementarity is further reinforced by deep institutional investment ties and talent mobility, which form the bedrock of the bilateral framework.
-
Medicine Pricing: Where Must Profit Stop?
India must confront excessive margins, hidden incentives and regulatory gaps that threaten the integrity of medicine.