US pharmaceutical and cosmetics group Johnson & Johnson saw its shares plunge after a media report alleged the group had deliberately concealed for decades that its baby powder sometimes contained asbestos. Photo: AFP

Johnson & Johnson denies knowing its talcum powder sometimes had traces of asbestos

  • Firm sees stock price plunge 10 per cent after news report alleges it knew for decades that raw ingredients contained the cancer-causing chemical
  • It has been hit with lawsuits claiming use of Johnson & Johnson Baby Powder and Shower to Shower powder caused a form of cancer called mesothelioma
Topic |   Pharmaceuticals

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US pharmaceutical and cosmetics group Johnson & Johnson saw its shares plunge after a media report alleged the group had deliberately concealed for decades that its baby powder sometimes contained asbestos. Photo: AFP
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