Former Genentech Principal Scientist And Her Husband Convicted Of Crimes Related To Pilfering Corporate Secrets imperialvalleynews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from imperialvalleynews.com Daily Mail and Mail on Sunday newspapers.
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.
Federal Indictments Handed Down Over Trade Secrets In Genentech Case kalw.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kalw.org Daily Mail and Mail on Sunday newspapers.
Biotech Executives Indicted for Stealing Cancer Drug Secrets
Prosecutors say two former employees of the biotech firm Genentech stole valuable secrets from their former employer to kickstart their new company and defrauded investors and business partners.
The U.S. District Court for the Northern District of California in San Francisco.(Ken Lund via Flickr)
SAN FRANCISCO (CN) Two biotechnology executives pleaded not guilty Wednesday to engaging in a decade-long scheme to steal trade secrets on cancer drugs from a rival pharmaceutical firm where they used to work.
A federal indictment unsealed Wednesday accuses Raco “Racho” Ivanov Jordanov and Rose Lin of using confidential information from their former employer, Genentech, to help their Taiwan-based company, JHL Biotech, accelerate product development and attract lucrative corporate partnerships.
Former Genentech Scientist, Husband Plead Guilty To Stealing Trade Secrets, Sharing With Competitors
CBS SF Bay Area 15 hrs ago Syndicated Local – CBS San Francisco
SOUTH SAN FRANCISCO (CBS SF) – A former scientist with South San Francisco-based Genentech and her husband pleaded guilty to stealing company secrets and sharing them with competitors, federal authorities said.
Xanthe Lam, a former principal scientist with the biotech giant, along with her husband Allen Lam, pleaded guilty to conspiracy and other charges on Tuesday, according to Northern California acting U.S. Attorney Stephanie Hinds.
“This United States Attorney’s Office will always aggressively prosecute theft of corporate trade secrets to protect innovation, a crown jewel of our District,” Hinds said in a statement.