Big industry news as Terran Bioscience sues Compass Pathways for allegedly stealing trade secrets.
According to the court filings and with a shout-out to Psychedelic Alpha for breaking the news, Compass allegedly entered into negations and signed an NDA with a researcher regarding psilocybin development, before ending the talks and “milking” him for this confidential research.
Is there any substance to these allegations? Unknown, we’ll reach out to the parties for comment. In the meantime see Psychedelic Alpha’s Twitter thread below for more details on the news.
Terran Biosciences alleges that Compass Pathways stole trade secrets from UMB researcher, then filed patents on them.
"Compass milked Thompson for all the information it could about his confidential research."
🧵 Quick thread… https://t.co/4GaD3wHCxU
— Psychedelic Alpha (@Psyched_Alpha) August 9, 2022
https://twitter.com/Psyched_Alpha/status/1557013366270578688
