Founders of Tai­wanese biotech in­volved in steal­ing Genen­tech se­crets plead guilty to con­spir­a­cy

Af­ter an in­dict­ment was un­sealed against them last month, two in­di­vid­u­als at the heart of a con­spir­a­cy case in­volv­ing stolen Genen­tech IP are now say­ing: We did it.

Two co-founders of the Tai­wanese com­pa­ny JHL Biotech plead­ed guilty to con­spir­a­cy to com­mit trade se­cret theft and wire fraud, the De­part­ment of Jus­tice an­nounced last Thurs­day. Ac­cord­ing to their plea agree­ments, Racho Jor­danov and Rose Lin know­ing­ly and un­law­ful­ly paid for and ob­tained con­fi­den­tial Genen­tech in­for­ma­tion to speed along their de­vel­op­ment of biosim­i­lars and de­fraud in­vestors, main­ly Sanofi, of $101 mil­lion.

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