Teva Pharmaceutical Industries Ltd. — Ethics Grade F

Teva Pharmaceutical Industries Ltd. receives an overall ethics grade of F (18/100) on CancelCo's corporate accountability database. Sector: Retail. Market cap: Large Cap.

Category scores

• labor: 40
• privacy: 60
• consumer: 10
• environment: 50
• humanRights: 30

Documented incidents (3)

• Opioid Crisis Liability (high, 2022) — Teva reached a $4.25 billion nationwide settlement for its role in marketing and distributing highly addictive opioid painkillers. The company was accused of downplaying addiction risks to doctors and the public.
• Generic Drug Price Fixing (high, 2020) — The DOJ indicted Teva for a massive conspiracy to fix prices, rig bids, and allocate customers for generic drugs. This led to artificially high prices for essential medications for years.
• Foreign Corrupt Practices Act Violation (high, 2016) — Teva paid over $500 million to settle charges of bribing government officials in Russia, Ukraine, and Mexico to increase market share and obtain regulatory approvals for its drugs.

Documented good deeds

• Emergency Medicine Donations — Teva donated over $11 million worth of critical antibiotics and essential medicines to humanitarian efforts in Ukraine.

Ethical alternatives

• Novartis AG — While still complex, Novartis has significantly restructured its compliance programs to avoid similar systemic corruption.