San Diego-based biopharma company Viking Therapeutics Inc sued China-based Ascletis Bioscience Co in California federal court Thursday, alleging Ascletis stole trade secrets related to its leading liver-disease drug candidate to develop its own competitor.
it shared confidential information about its drug while discussing a collaboration with Ascletis, which it called a "ruse" for Ascletis to steal its secrets.Viking said it is currently running phase 2 clinical trials of its drug candidate VK2809 to treat two common types of liver disease, non-alcoholic fatty liver disease and its more severe form non-alcoholic steatohepatitis .
The U.S. Food and Drug Administration has not yet approved any drugs to treat the diseases, per the National Institutes of Health. Viking said VK2809 has shown positive results in eight clinical trials so far. The lawsuit said Gannex disclosed Viking's secrets in U.S. and Chinese patent applications, and that Ascletis and Gannex have conducted clinical tests of their drug in both countries.
Viking asked the court for an unspecified amount of money damages, an order declaring it the rightful owner of products and intellectual property derived from its trade secrets, and a permanent block on development of the allegedly copied drug.
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