Tags: BNTEAMS | BUSINESS | CONS | COS | DRG | FDA | FINNEWS

Johnson & Johnson Recalls Rolaids After Complaints

Friday, 10 Dec 2010 03:59 PM

(Updates with previous recalls in third paragraph.)

Dec. 9 (Bloomberg) -- Johnson & Johnson, buffeted by multiple recalls of over-the-counter products this year, said it was withdrawing Rolaids soft chews after consumers reported finding metal and wood particles in the products.

While the risk of serious health effects is “remote,” consumers who have purchased Rolaids Extra Strength Softchews, Rolaids Extra Strength plus Gas Softchews, or Rolaids Multi- Symptom plus Anti-Gas Softchews should stop using the products, J&J’s McNeil Consumer Healthcare unit said today in a statement.

J&J, the world’s largest health products company, has recalled more than 40 medicines this year amid complaints of contamination. The withdrawals forced McNeil’s Fort Washington, Pennsylvania, plant to suspend operations and were expected to reduce 2010 sales by about $600 million, the company said in October. U.S. lawmakers have been investigating New Brunswick, New Jersey-based J&J’s handling of the recalls.

“The more of these events that occur, the more scrutiny they are going to get from regulators,” said Les Funtleyder, a portfolio manager at Miller Tabak & Co. in New York. “They’ve already been called in front of Congress twice.”

McNeil has stopped making the three types of Rolaids soft chews and won’t resume production until “corrective actions have been implemented,” the company said.

J&J declined 39 cents, or less than 1 percent, to $62.06 at 4:01 p.m. in New York Stock Exchange composite trading. The shares have lost 3.7 percent this year.

--Editors: Andrew Pollack, Lisa Rapaport

To contact the reporters on this story: Molly Peterson in Washington at mpeterson9@bloomberg.net; David Olmos in San Francisco at dolmos@bloomberg.net

To contact the editor responsible for this story: Reg Gale at rgale5@bloomberg.net.

© Copyright 2017 Bloomberg News. All rights reserved.

   
1Like our page
2Share
Companies
(Updates with previous recalls in third paragraph.) Dec. 9 (Bloomberg) -- Johnson & Johnson, buffeted by multiple recalls of over-the-counter products this year, said it was withdrawing Rolaids soft chews after consumers reported finding metal and wood particles in the...
BNTEAMS,BUSINESS,CONS,COS,DRG,FDA,FINNEWS,GEN,GENNEWS,GOV,GOWEB,HEA,HEACURZ2,HEAGVT,HEATOP,HEATOPZ2,HHS,ILLNESS,MDS,MSCINAMER,MSCIWORLD,MTC,NEWSWORD07,NJ,NORTHAM,ONWEB,PA,POLNEWS,RECALL,RULES,STFILT241,STFILT266,STFILT268,TOP,UPDATE,US,USGOV,USHEALTH,USHEAREG,USMA
276
2010-59-10
Friday, 10 Dec 2010 03:59 PM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved