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Violation Tracker Individual Record

Company: Andrx Corporation
Current Parent Company: Teva Pharmaceutical Industries
Penalty: $40,000,000
Year: 2003
Date: January 27, 2003
Offense Group: competition-related offenses
Primary Offense: price-fixing or anti-competitive practices
Secondary Offense: generic drug pay for delay
Mega-Scandal: Generic Drug Pay for Delay
Violation Description: Aventis Pharmaceuticals Inc. and Andrx Corporation agreed to pay a total of $80 million to settle multistate antitrust litigation alleging they conspired to keep a popular generic heart medication off the market. The division of the costs between the two companies was not disclosed; here we assume the amount was divided equally between the two.
Level of Government: state
Action Type: agency action
Agency: Multistate Attorneys General Case
Civil or Criminal Case: civil
HQ Country of Current Parent: Israel
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: pharmaceuticals
Specific Industry of Current Parent: pharmaceuticals
Source of Data: (click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.