Curious about the company that's making the headlines?

Johnson & Johnson (JNJ - Get Report) has been making headlines since Friday, Dec. 14. 

Reuters reported Friday that Johnson & Johnson knew both its raw talc and finished powder tested positive for traces of asbestos, a carcinogen, citing documents linked to a court case that saw a jury in Missouri award $4.7 billion to 22 women who said that the products contained asbestos and caused them to develop ovarian cancer.

Johnson & Johnson said the story was "one-sided, false and inflammatory" and labelled it "an absurd conspiracy theory."

"Johnson & Johnson's baby powder is safe and asbestos-free," the company said. "Studies of more than 100,000 men and women show that talc does not cause cancer or asbestos-related disease," the statement added. "Thousands of independent tests by regulators and the world's leading labs prove our baby powder has never contained asbestos."

Johnson & Johnson is in the midst of five appeals to similar verdicts linked to its products, even after the U.S. Food & Drug Administration said a study found "no asbestos fibers or structures in any of the samples of cosmetic-grade raw material talc or cosmetic products containing talc."

Here's a look at the history of the company and how it became what it is today.