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Company: IVAX Pharmaceuticals
Current Parent Company:
Teva Pharmaceutical Industries
Parent at the Time of the Penalty Announcement:
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Penalty: $5,400,000
Year: 2009
Date: November 3, 2009
Offense Group: government-contracting-related offenses
Primary Offense: False Claims Act and related
Secondary Offense: kickbacks and bribery
Violation Description: Nursing home pharmacy Omnicare Inc. and drug manufacturer IVAX Pharmaceuticals agreed to pay a total of $43.5 million to settle multistate litigation alleging that Omnicare engaged in kickback schemes with several parties, including IVAX, and thus caused false claims to be submitted to state Medicaid programs. This was part of a larger $112 million settlement ($98 million from Omnicare and $14 million from IVAX) involving the federal government; see the Violation Tracker entry at
(click here)
Level of Government: state
Action Type: agency action
Agency: Multistate Attorneys General Case
Civil or Criminal Case: civil
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.