U.S. Charges Five With Theft Of GlaxoSmithKline Trade Secrets

Feb. 3, 2016
The U.S. Attorney’s Office charges five individuals with a plan to steal trade secrets to sell in China.

The U.S. Attorney’s Office in Philadelphia charged five individuals with a plan to steal trade secrets from GlaxoSmithKline to sell in China, according to an article from Reuters. Two of the five charged were former GlaxoSmithKline researchers. The indictments include charges of conspiracy to steal trade secrets, conspiracy to commit wire fraud, conspiracy to commit money laundering, theft of trade secrets and wire fraud.

The complaint against the five states that the stolen information could potentially be sold for millions of dollars to pharmaceutical competitors and be valuable to startup pharmaceutical companies, according to the article. One of those charged is a former high level manger who had access to a wide range of secret information. Glaxo said in a statement that it does not believe the breach has had a material impact on the company’s business or its R&D efforts.

Read the entire article here.

Sponsored Recommendations

Keys to Improving Safety in Chemical Processes (PDF)

Many facilities handle dangerous processes and products on a daily basis. Keeping everything under control demands well-trained people working with the best equipment.

Get Hands-On Training in Emerson's Interactive Plant Environment

Enhance the training experience and increase retention by training hands-on in Emerson's Interactive Plant Environment. Build skills here so you have them where and when it matters...

Rosemount™ 625IR Fixed Gas Detector (Video)

See how Rosemount™ 625IR Fixed Gas Detector helps keep workers safe with ultra-fast response times to detect hydrocarbon gases before they can create dangerous situations.

Micro Motion 4700 Coriolis Configurable Inputs and Outputs Transmitter

The Micro Motion 4700 Coriolis Transmitter offers a compact C1D1 (Zone 1) housing. Bluetooth and Smart Meter Verification are available.