Violation Tracker Global

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Violation Tracker Global: Individual Record

Company: Watson Pharmaceuticals Inc. and Watson Pharma Inc.
Current Parent Company: Teva Pharmaceutical Industries
Parent at the Time of the Penalty Announcement: Watson Pharmaceuticals
Recap of Ownership Changes: In 2012 Watson merged with Actavis and took its name; it then merged with Allergan, which sold its generics business to Teva in 2016.
Jurisdiction: United States
Region: North America
Penalty Currency: U.S. Dollar
Penalty Amount in Original Currency: 1,700,000
U.S. Dollar Equivalent at the Time of the Penalty Announcement: $1,700,000
Year: 2012
Date: July 16, 2012
Agency: Idaho Attorney General
Offense Group: government-contracting-related offenses
Offense Category: government contracting fraud
Description: Watson Pharmaceuticals, Inc. and Watson Pharma, Inc. agreed to pay $1.7 million in settlement of allegations they misreported the average wholesale price of their drugs.
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: VTG24-11985