Article by Mr Wayne Condon and Mr Raphael Goldenberg
Imagine that you are the Vice President of R & D in a large pharma or biotech company. A young lab tech named Fred who you employed six months ago as a casual employee barges into your office announcing a major discovery he has made in the lab. This should be the cause of tremendous celebration, or should it?
You call in the marketing manager and prepare a press release. You also make a stock exchange announcement in anticipation of the company share price going through the roof. Then, two days later, Fred quits the company without warning. This need not be a source of panic if some simple procedures and mechanisms are put in place to ensure that your company retains control over the jewels developed by its staff.
