NEW BRUNSWICK (dpa-AFX) - Drug manufacturer, Johnson & Johnson (JNJ),
Thursday said that it will pay $75 million to settle a lawsuit filed by
Mississippi related to baby powder.

The decision comes as the state attorney general's office was preparing for a
non-jury trial against J&J next month.

The case filed by the state, demanding $6 billion in damages, accused J&J of
failing to inform customers about the powder's alleged cancer risk for over 50
years.

However, J&J argued that federal regulators had not mandated a cancer warning on
the bottle, while maintaining that its talc-based products don't cause cancer.

Currently, J&J's stock is trading at $158.54, up 0.38 percent on the New York
Stock Exchange.



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