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According to criminal minutes from the Northern District of California, former Apple engineer Xiaolang Zhang pled guilty to one count of theft of trade
Trade secrets allegedly used to speed biosimilar production
Founders allegedly defrauded Sanofi out of $101 million
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(Reuters) - The U.S. Department of Justice has announced the indictment of two co-founders of Taiwanese biopharmaceutical company JHL Biotech for allegedly stealing trade secrets from Roche Holding AG s Genentech Inc to copy its blockbuster cancer drugs and others.
The internal trade probe of Taiwanese vaccine authors finds broader issues
The internal trade probe of a Taiwanese creator of Covid-19 vaccines has raised broader concerns over the country’s financial oversight and has confused President Tsai-ing Wen’s administration.
The Shilin district Taipei court office told the Financial Times that Medigen Vaccine Biologics Corporation is investigating the company’s shares after falling more than 20 percent before announcing positive results for the phase 2 clinical trials of the vaccine in June. The prosecutor declined to give further details about the investigation.
Last month, Tsai gave a TV address in which he dismissed allegations of political opponents because his government had blocked vaccine imports to raise the price of Medigen shares.
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