Luis Li of Wilson Sonsini Goodrich & Rosati. Courtesy photo Wilson Sonsini Knocks Out Claims Against Inhibrx Biosciences in Trade Secrets Verdict
"The most important thing about the win is it lets scientists who are really dedicated to trying to improve the lives of cancer patients to get back to focusing on that," said Luis Li, a Wilson Sonsini attorney who served as lead trial counsel for Inhibrx.
November 08, 2024 at 05:54 PM
3 minute read
What You Need to Know
- Biopharma company I-Mab sued rival Inhibrx Biosciences and its co-founder, Brendan Eckelman, in 2022.
- I-Mab claimed that Eckelman had stolen trade secrets related to cancer treatments it was developing while being asked to serve as an expert witness during arbitration proceedings with another biotech company.
- A Delaware federal jury found that the data at issue did not constitute trade secrets and that Eckelman had not misappropriated it.
Biotech company Inhibrx Biosciences clinched a unanimous jury verdict in a trade secrets case that wiped out a demand for damages totaling over $450 million in Delaware federal district court.
The U.S. District Court for the District of Delaware concluded on Nov. 1 that Inhibrx, a La Jolla, California-based company founded in 2010, and its co-founder Dr. Brendan Eckelman, also listed as a defendant, did not misappropriate confidential information related to the development of immuno-oncologic antibody treatments for cancer from rival clinical-stage biopharmaceutical company I-Mab. It also determined that the data at issue did not constitute trade secrets.
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