Iceland’s deCODE settles Philadelphia lawsuit Skip to content

Iceland’s deCODE settles Philadelphia lawsuit

Icelandic biopharmaceutical company deCODE Genetics announced Thursday it had settled a lawsuit against the Children’s Hospital in Philadelphia and several of deCODE’s former employees who left the company for the hospital.

DeCODE had filed the lawsuit in the US District Court in Philadelphia in an attempt to prevent the hospital and its former employees from using its trade secrets. The hospital said the suit was without merit, the International Herald Tribune reports.

DeCODE claimed its former employees, including former vice president of business development Hákon Hákonarson, had sent various proprietary information to the hospital’s Center for Applied Genomics before leaving deCODE.

The settlement states that the defendants will not use or disclose the confidential information in question.

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