Pharmaceutical & Life Sciences News

Employees and Biotech Trade Secrets: Trust, But Verify

Sept. 13, 2018, 1:00 PM

Biotech and life sciences companies should avoid creating a culture of mistrust if they encounter employee trade secret theft similar to the misconduct that led to a GlaxoSmithKline biochemist’s guilty plea, an industry leader told Bloomberg Law.

The scientist copped to sending research and manufacturing data on products GSK was developing to a Chinese pharmaceutical company she helped set up. Despite betrayals like these, it’s important for U.S. biotech companies to remember their success has been fueled in large part by researchers from around the world, Biotechnology Innovation Organization executive Hans Sauer told Bloomberg Law in an interview.

The trade...

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