Biotech

Harvard Scientist Faces Indictment for Smuggling Frog Embryos: A Tale of Biotech and Legal Controversy

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BOSTON — A federal grand jury has indicted Ksenia Petrova, a Russian scientist affiliated with Harvard Medical School, on multiple charges related to the alleged smuggling of frog embryos. The U.S. Justice Department announced the indictment, which includes accusations of making false statements and concealing material facts. The charges stem from an incident that occurred on February 16 when customs personnel stopped Petrova at Boston Logan International Airport. She was returning from France while carrying biological samples that had not been declared. Following the incident, immigration officials revoked her research visa and relocated her between … Read more

KAS Legal Team Secures $292.5 Million Victory Against Natera in High-Stakes Biotech Patent Dispute

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Wilmington, Delaware – In a landmark legal battle that pitted two major players in the medical diagnostics sector against each other, KAS, a legal team representing Guardant Health, secured a stunning $292.5 million jury verdict against Natera Inc. The verdict, delivered after rigorous deliberations, marks a significant turn in the ongoing tensions revolving around patent infringements within the industry. Guardant Health, renowned for its ground-breaking contributions to cancer diagnostics, accused Natera Inc. of infringing on its patented technology, which plays a crucial role in non-invasive cancer tests. These tests are instrumental in detecting early signs … Read more

Jury Awards Former Marketing Director $1.4 Million in Lawsuit Over Unpaid Bonuses at Biotech Hedge Fund

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New York – In a notable verdict, Youngjoo Rhee, a former marketing director at Santé Ventures, a hedge fund specializing in biotechnology investments, was awarded $1.4 million by a jury for unpaid bonuses linked to her instrumental role in securing a substantial investment from a pension fund. This recent ruling echoes a previous jury award of $1.5 million in September, which had faced scrutiny and criticism from the presiding federal judge for lacking substantial evidence. The claim centered around the allegation that Santé Ventures failed to deliver promised cash bonuses to Rhee, despite her successful … Read more

High-Stakes Bet: Biotech Executive Found Guilty of Insider Trading in Shocking Turn of Events

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SAN FRANCISCO (AP) — A biotech executive, who was found guilty of insider trading by a jury, had allegedly made significant investments in a competitor’s stock. The verdict was announced following a trial that took place in San Francisco, California. This case highlighted the consequences of illicit financial activities among executives and the impact it can have on the integrity of the stock market. The unidentified executive was accused of using confidential information to trade shares of a rival company, resulting in unfair gains. The individual’s actions were uncovered during an investigation by the Securities … Read more