US accuses former JHL Biotech executives of stealing trade secrets By Reuters

© Reuters.

WASHINGTON (Reuters) – Two co-founders of JHL Biotech were accused on Wednesday of stealing trade secrets from Genentech that helped their company accelerate the development of generic versions of Genentech biologics, the US Department of Justice said in a press release.

Raco Ivanov Jordanov and Rose Lin were also charged with wire fraud, international money laundering and obstruction of justice in the grand jury indictment, the statement said.

Jordanov and Lin pleaded not guilty to all counts in an appearance Wednesday in federal court in San Francisco.

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