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Company: Daiichi Sankyo Inc.
Current Parent Company:
Daiichi Sankyo
Parent at the Time of the Penalty Announcement:
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Penalty: $300,000,000
Year: 2017
Date: August 1, 2017
Offense Group: safety-related offenses
Primary Offense: product safety violation
Secondary Offense: drug or medical equipment safety violation
Mega-Scandal:
Pharmaceutical Hazards
Violation Description: Daiichi Sankyo agreed to pay $300 million to settle multi-district litigation alleging that the blood pressure drug Benicar caused gastrointestinal problems.
Level of Government: federal
Action Type: private litigation
Court: District of New Jersey
Civil or Criminal Case: civil
Case ID: MDL No. 2606
Case Name: In Re: Benicar (Olmesartan) Products Liability Litigation
Private Lawsuit Resolution Type: settlement
HQ Country of Current Parent: Japan
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: pharmaceuticals
Specific Industry of Current Parent: pharmaceuticals
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the
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