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Company: US Bioservices Corp.
Current Parent Company:
Cencora Inc.
Parent at the Time of the Penalty Announcement:
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Recap of Ownership Changes:
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Penalty: $13,400,000
Year: 2017
Date: August 23, 2017
Offense Group: government-contracting-related offenses
Primary Offense: False Claims Act and related
Secondary Offense: kickbacks and bribery
Violation Description: The settlement resolved claims that US Bioservices violated the Anti-Kickback Statute and the False Claims Act by participating in a kickback scheme with Novartis Pharmaceuticals Corp. relating to the latter's drug Exjade.
Level of Government: federal
Action Type: agency action
Agency: U.S. Attorney-Southern District of New York
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: Pennsylvania
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: wholesalers
Specific Industry of Current Parent: wholesalers-pharmaceuticals
Source of Data:
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Archived Source:
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the
Update Log.