Violation Tracker Global

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Violation Tracker Global: Individual Record

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: Teva Pharmaceutical Industries
Jurisdiction: United States
Region: North America
Penalty Currency: U.S. Dollar
Penalty Amount in Original Currency: 10,000,000
U.S. Dollar Equivalent at the Time of the Penalty Announcement: $10,000,000
Year: 2010
Date: August 13, 2010
Agency: Kentucky Attorney General
Offense Group: government-contracting-related offenses
Offense Category: government contracting fraud
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.
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)
Link to this record on U.S. Violation Tracker: here
VTG Record ID: VTG24-11865