Frazier Healthcare Raided Talent, Stole Trade Secrets, Suit Says

Frazier Healthcare Partners LLC is facing claims that it repeatedly made bogus noises about acquiring a pharmacy technology company as part of a scheme to build a $1.5 billion business by poaching employees and stealing trade secrets.

The lawsuit targets various Frazier affiliates, as well as Parata Inc., which the private equity firm allegedly sold to medical device giant Becton, Dickinson & Co. after beefing up its pharmaceutical “central fill” segment with talent and technology taken from ARxIUM Inc.

Frazier “acquired this information under false pretenses while feigning interest” in ARxIUM’s central fill unit, OptiFill, according to the complaint filed ...