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Company: Teva Pharmaceuticals
Current Parent Company:
Teva Pharmaceutical Industries
Parent at the Time of the Penalty Announcement:
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Penalty: $85,000,000
Year: 2019
Date: May 26, 2019
Offense Group: healthcare-related offenses
Primary Offense: Controlled Substances Act violation
Secondary Offense: opioid crisis litigation
Mega-Scandal:
Opioid Crisis
Violation Description: The Oklahoma Attorney General announced an $85 million settlement agreement with Israeli-based Teva Pharmaceuticals for its role in fueling the state's opioid epidemic.
Level of Government: state
Action Type: agency action
Agency: Oklahoma Attorney General
Civil or Criminal Case: civil
Facility State: Oklahoma
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.