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SHANGHAI — Chinese pharmaceutical and biotech company WuXi PharmaTech today commented on the conviction of a former employee for the theft of chemical compounds.
In 2011, a junior employee of WuXi PharmaTech, acting by himself, stole and sold sample amounts of two patented chemical compounds made for a customer.
Working together with the customer, WuXi PharmaTech cooperated with law enforcement authorities to identify the employee, who was apprehended and subsequently convicted under applicable Chinese law on May 22, 2012. The compounds in question were recovered.
"We regret that one of our employees committed a crime on our premises," commented Dr. Ge Li, chairman and CEO of WuXi PharmaTech. "The strong and trusting customer relationships we have built over the past 11 years are based in part on our culture of commitment to IP security. As in any company, there will always be the risk of damage caused by a determined criminal. At WuXi PharmaTech, customer IP protection is our lifeline and we are committed to working closely with our customers to ensure the security of their projects."