Friday, July 27, 2007, 7/27/2007 07:56:00 AM

Economic Espionage in Our Backyard

From the Raleigh News & Observer, a story about a lawsuit filed right here in Wake County, North Carolina, by Serenex, a drug development company, against a former contract chemist, Yunsheng Huang of Apex, NC. Also named as defendants are two Chinese companies, Beijing Gylongli Sci. & Tech. Co. and GYLL Biomedtech; and Tongxiang Zhang, "a decorated member of the Chinese Communist Party" who runs the businesses.

According to the story, in February, Serenex learned Zhang and others had filed a patent application for a cancer treatment with the World Intellectual Property Organization. The treatment allegedly included compounds identical to patented compounds that Serenex worked on during Huang's employment. Other compounds in the application are "nearly identical" to Serenex's.

Huang "categorically denies any wrongdoing," said Walter Schmidlin of Anderson, Jones & Gengo in Raleigh, Huang's attorney.
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