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Company: Teva
Current Parent Company:
Teva Pharmaceutical Industries
Parent at the Time of the Penalty Announcement:
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Penalty: $70,281,867
Year: 2024
Date: February 28, 2024
Offense Group: healthcare-related offenses
Primary Offense: off-label or unapproved promotion of medical products
Secondary Offense: opioid crisis litigation
Mega-Scandal:
Opioid Crisis
Violation Description: Teva will pay $70 million to the state of Maryland for its role in the opioid epidemic.
Level of Government: state
Action Type: agency action
Agency: Maryland Attorney General
Civil or Criminal Case: civil
Facility State: Maryland
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.