A former Genentech scientist and her husband plead guilty in July 2021 to conspiracy and other charges in a federal court in an ongoing case brought in response to theft of trade secrets from the South San Francisco, Calif.-based biotech company.
The co-founders of JHL Biotech were convicted Thursday in federal court in San Francisco, after they pleaded guilty to conspiracy to commit trade secret theft and wire fraud.
Racho Jordanov, the co-founder and former chief executive officer of JHL Biotech, and Rose Lin, another of the company’s co-founders and former chief operating officer, entered plea agreements to the court, admitting to taking confidential, proprietary and trade secret information from Genentech between 2011 and 2019 that they used to defraud investors of more than $100 million.
Jordanov, 73, of Rancho Santa Fe, Lin, also known as Rose Sweihorn Tong, 72, of South San Francisco, admitted to paying a Genentech employee to provide confidential information. That employee, Xanthe Lam, pleaded guilty in July to stealing confidential, proprietary and trade secret information from Genentech and giving it to JHL Biotech.
Last modified August 29, 2021 10:45 am
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