How an ex-GSK employee funneled trade secrets to Chinese company

Former GlaxoSmithKline plc (LSE:GSK; NYSE:GSK) employee Yu Xue pleaded guilty on Aug. 31 to theft of GSK trade secrets, which included information about antibody-based programs against at least five targets and step-by-step instructions for developing, purifying and analyzing mAbs, according to an indictment filed in January 2016.

According to the filing, Yu Xue, alongside Tao Li and Yan Mei, founded a company to use the GSK information in a contract research organization model, and to eventually develop its own pharmaceuticals. Li, Mei, Lucy Xi and Tian Xue are also facing charges in the indictment, which was filed in the U.S. District Court for the District of Eastern Pennsylvania...