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Company: Teva Pharmaceuticals, Inc.
Current Parent Company:
Teva Pharmaceutical Industries
Parent at the Time of the Penalty Announcement:
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Penalty: $71,477,474
Year: 2023
Date: October 23, 2023
Offense Group: healthcare-related offenses
Primary Offense: off-label or unapproved promotion of medical products
Secondary Offense: opioid crisis litigation
Mega-Scandal:
Opioid Crisis
Violation Description: Teva agreed to pay $71 million to settle allegations that its marketing and promotional practices fueled the opioid epidemic.
Level of Government: state
Action Type: agency action
Agency: Kentucky Attorney General
Civil or Criminal Case: civil
Facility State: Kentucky
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.