December 19, 2018 / 6:04 PM / 6 months ago

J&J loses motion to overturn $4.7 bln talc verdict

Dec 19 (Reuters) - Healthcare conglomerate Johnson & Johnson has lost its motion to reverse a verdict that awarded $4.7 billion to women who blamed ovarian cancer on asbestos in the company's Baby Powder and other talc products, a Missouri court ruled on Wednesday.

Shares of the company reversed course to slip 0.6 percent to $129.38 in afternoon trading.

Reporting by Manas Mishra in Bengaluru

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