Violation Tracker Global

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Violation Tracker Global: Individual Record

Company: Cephalon, Inc.
Current Parent Company: Teva Pharmaceutical Industries
Parent at the Time of the Penalty Announcement: Teva Pharmaceutical Industries
Jurisdiction: United States
Region: North America
Penalty Currency: U.S. Dollar
Penalty Amount in Original Currency: 1,200,000,000
U.S. Dollar Equivalent at the Time of the Penalty Announcement: $1,200,000,000
Year: 2015
Date: May 28, 2015
Agency: Federal Trade Commission
Offense Group: competition-related offenses
Offense Category: anti-competitive practices
Description: The Federal Trade Commission reached a settlement resolving a suit accusing Cephalon, Inc. of illegally blocking generic competition to its blockbuster sleep-disorder drug Provigil. The settlement ensures that Teva Pharmaceutical Industries, Ltd., which acquired Cephalon in 2012, will make a total of $1.2 billion available to compensate purchasers, including drug wholesalers, pharmacies, and insurers, who overpaid because of Cephalon's illegal conduct.
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)
Archived Source: (click here)
Link to this record on U.S. Violation Tracker: here
VTG Record ID: VTG24-4647