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Teva Pays Out $225m To Settle Criminal Price-Fixing Charges In US

Glenmark Also Settles For $30m; Both Firms Must Divest Pravastatin As Part Of DoJ Deals

 
• By Dave Wallace

Teva has agreed to pay a $225m fine, as well as donating $50m worth of medicines and divesting a product from its portfolio, as part of a settlement with the US Department of Justice over criminal price-fixing charges. Meanwhile, Glenmark has also struck a $30m settlement with the DoJ.

Price-fixing words in dictionary with definition
Teva has agreed to pay a $225m fine to settle price-fixing charges • Source: Shutterstock

A major legal overhang for Teva looks to have been removed after the Israeli generics giant announced that it had struck a deal with the US Department of Justice to settle longstanding criminal charges over generic price-fixing.

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