Tips for Ensuring Your Competitors Do Not Steal the Valuable Fruits of Your Research and Development

Every employer in the pharmaceutical industry is keenly aware of the need to ensure that a departing employee, a potential investor, or a business partner does not misappropriate the company’s valuable trade secrets.  If such valuable information falls into a competitor’s hands, they may use it to gain a significant market advantage.  Companies in the pharmaceutical industry face unique challenges because, while the fruits of their research and development are often protectable as trade secrets, companies are often required to communicate this valuable information to potential investors, partners, and governmental agencies, such as the U.S. Food and Drug Administration (FDA).  Because pharmaceutical companies spend an extraordinary amount of money on research to develop new products, understanding how much of this valuable information is protectable as a trade secret, and how best to protect such information, is key to the company’s success, regardless of whether its products are in early stage development or are well-established in the industry.  This article is the first in a series about protecting trade secrets and enforcing non-competition agreements in the pharmaceutical industry.

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