Former Pfizer Employee Charged With Insider Trading Related To COVID Treatment
A former employee for Pfizer was charged by federal investigators on Thursday after being accused of insider trading related to non-public results related to COVID drug Paxlovid.
Amit Dagar, 44, was charged with four counts of securities fraud and one count of conspiracy to commit securities fraud after federal investigators said that he used his knowledge of Paxlovid trials to purchase stock in Pfizer ahead of the release of positive test results.
Dagar “purchased short-dated, out-of-the-money call options in Pfizer stock. DAGAR also tipped his close friend, ATUL BHIWAPURKAR, about...