Former Pfizer employee arrested on insider trading charges

Worker allegedly trading the drugmaker's shares before it announced positive results from clinical trials of its covid drug Paxlovid

Prosecutors in New York allege Amit Dagar, 44, of New Jersey, learned Paxlovid had performed favourably on November 4, 2021, the day before the drug trial results were announced. 

A former employee of Pfizer has been arrested on insider trading charges for allegedly trading the drugmaker's shares before it announced positive results from clinical trials of its covid drug Paxlovid, US federal prosecutors said.

Prosecutors in New York allege Amit Dagar, 44, of New Jersey, learned Paxlovid had performed favourably on November 4, 2021, the day before the drug trial results were announced.