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J&J must pay $300 million punitive award in talc case

Johnson & Johnson must pay a punitive $ 300 million reward to a woman who blamed her rare asbestos-related illness on the company's talcum-based products, the company confirmed on Friday.

J & J will pay $ 325 million in total in the case. A New York state jury earlier this month awarded $ 25 million to the woman, Donna Olson, 66, and her husband in compensatory damages.

J & J faces more than 13,000 lawsuits related to talc. The consumer products company, which manufactures Tylenol to Aveeno lotions, denies accusations that its talc causes cancer. He said numerous studies and tests conducted by regulators around the world have shown that his talc is safe and does not contain asbestos.

"This trial suffered significant legal and evidentiary errors that, according to Johnson & Johnson, will justify a reversal in the appeal," J & J said in a statement to CNBC. "Decades of testing by independent experts and academic institutions repeatedly confirm that Johnson's baby powder does not contain asbestos or cause cancer."

J & J relaunched its iconic line of baby products of the same name last summer to reverse a decline in the J & J baby care unit. Although the 124-year-old trusted brand had lost contact with consumers, that is, the mothers of the millennia, who opted for cleaner natural products of modern brands.

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