Couple Charged for Stealing IP from Children's Hospital to Launch a Biotech Firm
A San Diego couple has been charged by the federal government with stealing intellectual property related to pediatric medical treatments from Nationwide Children's Hospital in order to launch a pharmaceutical company in China.
“Nationwide Children’s Hospital devoted years of work and its own money to researching exosomes in order to promote honorable medical advances,” said Assistant Attorney General John C. Demers of National Security. “The hospital’s Research Institute took reasonable measures to keep its trade secrets secret. I commend the cooperation of Nationwide Children’s throughout this investigation.”