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Elanco fined $15m for Reg S-K misrepresentations

Multicolor files in a clinic drawer
Photo: Linda Raymond/Getty Images

Elanco’s use of sales incentives created misleading impressions of customer demand, the SEC stated.

Elanco, a veterinary pharmacology company, agreed to settle charges with the SEC over accusations that it made misleading statements about its revenue growth and user demand. The company will pay a $15m penalty without admitting or denying the charges.  

The SEC’s charges arise from deficiencies in Elanco’s