Apotex CEO Abruptly Resigns Amid Allegations of Trade Secret Leaks

Executive

Apotex president and CEO Jeremy Desai resigned from the generic drug giant Friday while facing a lawsuit alleging he and the company accepted trade secrets leaked from a competitor.

The lawsuit from Teva Pharmaceutical Industries Limited. accuses Barinder Sandhu, who worked as a senior director of regulatory affairs for Teva’s U.S. generics division, of leaking trade secrets and other confidential information to Desai while being in a romantic relationship with him.

The allegations have not been proven in court and Apotex, Sandhu and Desai have filed motions to dismiss the complaint.

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