CVS pulls out some J&J baby powder from stores

This post was originally published on this site
© Reuters. FILE PHOTO: The CVS logo is seen at one of their stores in Manhattan, New York, U.S.© Reuters. FILE PHOTO: The CVS logo is seen at one of their stores in Manhattan, New York, U.S.

(Reuters) – Pharmacy retailer CVS Health Corp (NYSE:) said on Thursday it is pulling out 22 ounce bottles of Johnson & Johnson’s baby powder from its stores and online as a precautionary measure.

“We also initiated a ‘Do Not Sell’ register prompt in our stores to prevent the sale of this item during the product removal process,” CVS said.

J&J (NYSE:), which is facing thousands of lawsuits over a variety of products, said last week it was recalling around 33,000 bottles of baby powder in the United States after U.S. health regulators found trace amounts of asbestos in samples taken from a bottle purchased online.

The move marked the first time J&J recalled its iconic baby powder for possible asbestos contamination, and the first time U.S. regulators have announced a finding of asbestos in the product.

Asbestos is a known carcinogen that has been linked to deadly mesothelioma.

“It’s temporary – in response to the recall we announced last week and it’s limited to the 22 oz bottles,” J&J spokesman Ernie Knewitz said.

“They are doing it storewide because they don’t have the resources to go through at the store level and check all the SKUs, check all the lot numbers … The other baby powder sizes will remain on the shelves.”

CVS did not have an immediate response on JNJ’s comment. The company confirmed that the recall was for all the 22 oz, product, not just the single lot, and that other J&J talc products remain in its stores.

J&J’s shares fell nearly 2% following the news.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Add Comment