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Company: Teva Pharmaceuticals USA Inc., IVAX Corporation, IVAX Pharmaceuticals Inc., Sicor Inc., Barr Laboratories Inc. and Duramed Pharmaceuticals Inc.
Current Parent Company:
Teva Pharmaceutical Industries
Parent at the Time of the Penalty Announcement:
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Penalty: $10,000,000
Year: 2010
Date: August 13, 2010
Offense Group: government-contracting-related offenses
Primary Offense: False Claims Act and related
Violation Description: Teva Pharmaceuticals USA Inc. and several affilliated corporations agreed to pay $10 million to settle allegations of improperly reporting of the average wholesale price of its drugs, causing Medicaid to overpay.
Level of Government: state
Action Type: agency action
Agency: Kentucky Attorney General
Civil or Criminal Case: civil
Facility State: Kentucky
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.