Big industry news as Terran Bioscience sues Compass Pathways for allegedly stealing trade secrets.
Seconds the judicial files and with a shout a Psychedelic Alpha to break the news, Compass allegedly went into denials and signed an NDA with a researcher regarding the development of psilocybin, before ending talks and “milking” him for this confidential research.
Is there any substance to these allegations? Unknown, we will contact the parties for comment. In the meantime, check out Psychedelic Alpha’s Twitter thread below for more details on the news.
Terran Biosciences alleges that Compass Pathways stole trade secrets from the UMB researcher and then filed patents on them.
“Compass milked Thompson for all the information it could about its confidential investigation.”
— Psychedelic Alpha (@Psyched_Alpha) August 9, 2022
Thompson filed patent applications “disclosing and claiming certain of his trade secret inventions” related to this work.
Thompson kept this investigation confidential, Terran says: “he never disclosed it outside of the scope of a confidentiality/[NDA].”
— Psychedelic Alpha (@Psyched_Alpha) August 9, 2022
