"Pfizer Insider Arrested for Trading on Secret COVID Treatment Information"
TL;DR Summary
A former Pfizer employee and his friend have been arrested for insider trading after the ex-employee allegedly leaked confidential information about the successful clinical trials of Pfizer's COVID-19 treatment, Paxlovid, before it was publicly released. The employee purchased call options in Pfizer stock and informed his friend, leading to significant profits. Both individuals have been charged with securities fraud and conspiracy, with potential prison sentences of up to 20 years.
- Ex-Pfizer employee arrested for insider trading during Paxlovid trial USA TODAY
- Pfizer Employee Used Secret COVID Info for Insider Trading, Feds Say The Daily Beast
- Ex-Pfizer worker charged with insider trading on covid pill info The Washington Post
- Bad boys: Four dumb ways people just allegedly got caught insider trading MarketWatch
- Ex-Pfizer employee charged with insider trading over Covid treatment Financial Times
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