Violation Tracker Global

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Violation Tracker Global: Individual Record

Company: Arrow Group
Current Parent Company: Teva Pharmaceutical Industries
Parent at the Time of the Penalty Announcement: Actavis PLC
Recap of Ownership Changes: In 2015 Actavis merged with Allergan and took its name; it then sold its generics business to Teva.
Jurisdiction: European Commission
Region: Europe
Penalty Currency: Euro
Penalty Amount in Original Currency: 9,975,000
U.S. Dollar Equivalent at the Time of the Penalty Announcement: $13,339,568
Year: 2013
Date: June 19, 2013
Agency: European Commission Directorate-General for Competition
Offense Group: competition-related offenses
Offense Category: anti-competitive practices
Description: The European Commission fined Danish pharmaceutical company Lundbeck and several producers of generic medicines for entering into an improper agreement to delay the market entry of cheaper generic versions of Lundbeck's branded citalopram, a blockbuster antidepressant.
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: (click here)
VTG Record ID: VTG24-69389