PHILADELPHIA (AP) — Five people have been accused in federal court of taking part in an alleged scheme to steal biopharmaceutical trade secrets from GlaxoSmithKline and sell them to competitors in China.
Charges in the indictment include conspiracy to steal trade secrets and conspiracy to commit wire fraud and money laundering. Prosecutors said many products allegedly targeted were designed to treat cancer or other serious diseases.
Prosecutors allege that 45-year-old GlaxoSmithKline employee Yu Xue (shway), of Wayne, emailed and downloaded confidential information and a former employee also emailed material, and the defendants also set up corporations to sell the material.
Yu Xue's attorney said the charges would be contested and the defense believes she will be exonerated. Attorneys for three other defendants declined comment. An attorney for another defendant couldn't be found Wednesday.