Teva Pharmaceuticals Settles for $25 Million Over False Claims Act Violations in Price-Fixing Conspiracy

In a notable development within the pharmaceutical industry, Teva Pharmaceuticals USA, Inc., a heavyweight in generic drug manufacturing, has concluded a settlement to the tune of $25 million. This settlement comes in response to accusations against the New Jersey-based company under the False Claims Act for their involvement in price-fixing and market allocation conspiracies for generic drugs. As reported by the Department of Justice, this civil settlement forms part of a broader $450 million resolution, tailored according to Teva’s financial capacity, concluding allegations of both this and another improper kickback setup.

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