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Company: Novartis Pharmaceuticals Corp.
Current Parent Company:
Novartis
Parent at the Time of the Penalty Announcement:
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Penalty: $103,000,000
Year: 2020
Date: August 5, 2020
Offense Group: competition-related offenses
Primary Offense: kickbacks and bribery
Mega-Scandal:
Healthcare Kickbacks
Violation Description: Novartis agreed to pay $103 million to settle multistate litigation alleging it paid kickbacks to health care practitioners to prescribe various hypertension or diabetes medications. This was part of a larger settlement involving the federal government (see separate entry).
Level of Government: state
Action Type: agency action
Agency: Multistate Attorneys General Case
Civil or Criminal Case: civil
HQ Country of Current Parent: Switzerland
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: pharmaceuticals
Specific Industry of Current Parent: pharmaceuticals
Source of Data:
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the
Update Log.