Time News Desk: Johnson & Johnson (J&J) will no longer produce or market its talc-based baby powder globally from 2023.
The announcement comes more than two years after the healthcare giant ended sales of the product in the US, BBC reports.
J&J faces tens of thousands of lawsuits from women who allege its talcum powder contained asbestos and caused them to develop ovarian cancer.
But the company reiterated its view that decades of independent research shows the product is safe to use.
"As part of a worldwide portfolio assessment, we have made the commercial decision to transition to an all cornstarch-based baby powder portfolio," it said in a statement.
The firm added that cornstarch-based baby powder is already sold in countries around the world.
At the same time J&J reiterated its position that its baby powder is safe to use: "Our position on the safety of our cosmetic talc remains unchanged."
"We stand firmly behind the decades of independent scientific analysis by medical experts around the world that confirms talc-based Johnson's baby powder is safe, does not contain asbestos, and does not cause cancer," it said.
In 2020, J&J said it would stop selling its talc baby powder in the US and Canada because demand had fallen in the wake of what it called "misinformation" about the product's safety amid a number of legal cases.
At the time the firm said it would continue to sell its talc-based baby powder in the UK and the rest of the world.