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Company: Watson Pharmaceuticals Inc. and Watson Pharma Inc.
Current Parent Company:
Teva Pharmaceutical Industries
Parent at the Time of the Penalty Announcement:
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Recap of Ownership Changes:
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Penalty: $1,700,000
Year: 2012
Date: July 16, 2012
Offense Group: government-contracting-related offenses
Primary Offense: False Claims Act and related
Violation Description: Watson Pharmaceuticals, Inc. and Watson Pharma, Inc. agreed to pay $1.7 million in settlement of allegations they misreported the average wholesale price of their drugs.
Level of Government: state
Action Type: agency action
Agency: Idaho Attorney General
Civil or Criminal Case: civil
Facility State: Idaho
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:
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the
Update Log.