Delaware Pharma Company Wins Lawsuit Over Secrets, No Money - WBOC-TV 16, Delmarvas News Leader, FOX 21 -

Delaware Pharma Company Wins Lawsuit Over Secrets, No Money

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WILMINGTON, Del. (AP)- A Delaware pharmaceutical company has won a lawsuit alleging a high-ranking scientist stole company secrets and shared them with a Silicon Valley startup, but will not receive any damages.           

A jury ruled Wednesday that Flexus Biosciences had "misappropriated" an Incyte Corp. trade secret, but that Flexus hadn't been "unjustly enriched" as a result.           

The lawsuit accused Flexus of using confidential information from a former Incyte employee to develop an immunotherapy cancer drug and sell themselves to Bristol-Myers Squibb for $1.25 billion. Flexus argued the information in contention was relatively simple to independently discover.           

Incyte said in a statement that they will consider appealing.           

Flexus co-founders Terry Rosen and Juan Jaen's new company Arcus Biosciences said in a statement that it was pleased with the verdict.

           

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