JHL Biotech Executives Convicted Over Trade Secrets Theft
As Renamed Firm Eden Biologics Appoints New Chief Executive
Executive Summary
Two former JHL Biotech executives, Racho Jordanov and Rose Lin, have been convicted in the US of conspiracy to commit trade secret theft and wire fraud after submitting plea agreements. Meanwhile, the company – now named Eden Biologics – has just announced a change of CEO.
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Former JHL Executives Charged Over Trade Secrets Theft And Fraud
Two former JHL Biotech executives, co-founders Racho Jordanov and Rose Lin, have been accused of a “fraudulent scheme to steal thousands of confidential and proprietary documents from Genentech” to help the firm accelerate its development and production of biosimilars.