Former Pfizer employee charged with Covid drug insider trading
The US Attorney’s Office of the Southern District of New York also charged Amit Dagar, the former Pfizer employee, and his friend Atul Bhiwapurkar, in a separate case. “The charges in this case relate to the personal conduct of a former Pfizer employee in violation of the company’s policies. Pfizer is cooperating with the government’s investigation,” Pfizer told CNN in a statement.
Shares of Pfizer rose nearly 11% on November 5, 2021, the day the company announced the results of the Paxlovid trial. Dagar and Bhiwapurkar, along with another individual Bhiwapurkar tipped off later, sold their options and generated more than $350,000 in profits, the US Attorney’s Office of the Southern District of New York said in a press release. Dagar and Bhiwapurkar were arrested Thursday morning.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Former NFL quarterback Ryan Mallett dies in apparent drowning in Florida at 35 | CNNFormer NFL quarterback Ryan Mallett died Tuesday in an apparent drowning off a Florida beach, the Okaloosa County Sheriff’s Office said in a news release.
Lire la suite »
Ex-Pfizer employee charged with illegal trading based on unreleased Covid pill trial dataThe DOJ said the former employee and his close friend sold their Pfizer call options at 'significant profits' totaling more than $350,000.
Lire la suite »
Pfizer Employee Used Secret COVID Info for Insider Trading, Feds SayThe Department of Justice has indicted a Pfizer employee and his friend for allegedly using non-public knowledge related to a then-experimental COVID-19 treatment to conduct insider trading.
Lire la suite »
Ex-Pfizer worker charged with insider trading on covid pill infoA former Pfizer employee and his close friend were arrested Thursday morning on charges they illegally used insider information about breakthrough results from the trial of the pharmaceutical giant’s anti-covid medicine Paxlovid to profit off its stock.
Lire la suite »
Ex-Pfizer employee, business partner charged with insider trading on COVID drug trial resultsA former Pfizer employee and their close friend are facing insider trading charges after federal officials claim they traded on non-public drug trial results in 2021.
Lire la suite »