Ex-Pfizer Employee Charged With Illegal Trades Over Paxlovid (1)

A former Pfizer Inc. employee was charged with using inside information about the company’s Covid-19 treatment Paxlovid to make illegal options trades.

Amit Dagar, 44, was charged in a federal indictment unsealed Thursday with conspiracy and four counts of securities fraud for allegedly trading on confidential news of positive clinic trial results for the drug and for passing the tip to a close friend. The friend, Atul Bhiwapurkar, 45, was charged in the same indictment.

In a parallel, civil case, the US Securities and Exchange Commission said that Dagar, who had served as a senior statistician for the Paxlovid trial ...