Local News

Judge: Chinese firms stole Serenex trade secrets

Posted September 3, 2008

— A Wake County judge has ordered two Chinese companies and an Apex man must pay a Durham pharmaceutical company $57.5 million for stealing trade secrets.

Superior Court Judge Donald Stephens ruled Tuesday that Beijing Gylongli Sci. & Tech. Co. and GYLL Biomedtech committed corporate espionage, stealing trade secrets from Durham-based Serenex.

Serenex alleged in a 2007 suit that one of its former chemists, Yunsheng Huang, passed proprietary information for a cancer treatment to the two Chinese companies.

Neither of the companies nor Huang responded to the suit, so Stephens found them in default. It's unclear whether Serenex, which was acquired by Pfizer earlier this year, will be able to collect the judgment.

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  • ifcdirector Sep 3, 2008

    That's nothing. Our state legislature continues to admit students from Red China into our universities where they learn our technologies and take them back to China. Most of these students will be tasked before coming here by the state intelligence aparatus in intelligence gathering here as well. I have spoken to a student from Taiwan who is puzzled by our admission of them to our schools where she has overheard the communist Chinese speak about how stupid we Americans are to let them into our country and how they can't wait to use what they have learned against us. I guess since I have written our politicians in the legislature and our Senate and Congressional representatives concerning this issue many times that the only stupid people are the ones in government positions who are supposed to be protecting the citizens who vote for them and pay their way and unfortunately a lot of the way for Chinese spies.