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Daily Mirror
Daily Mirror
Business
Ruby Flanagan

Johnson & Johnson offers $9billion to settle talcum powder cancer claims

Cancer Johnson & Johnson ( United States LTL Management

Johnson & Johnson has made an offer of nearly $9billion (£7.2billion) to try to resolve claims that its baby powder and other talc-based products caused cancer.

The amount is four times bigger than its original settlement offer of $2billion.

Announced in a securities filing on Tuesday, the pharmaceuticals giant said it would pay the $8.9billion over the course of 25 years for "complete resolution" of the talc claims.

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