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Kenvue Execs, J&J Face 2nd Investor Action Over FDA Probe

By Corey Rothauser ( January 19, 2024, 8:20 PM EST) -- Kenvue investors who bought into the multibillion-dollar pharmaceutical company's May 2023 initial public offering have named its executives and former parent company Johnson & Johnson in a proposed class action concerning their alleged failure to disclose the low efficacy of phenylephrine, an ingredient in cash cow nasal decongestants including Tylenol and Benadryl products....

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