An ex-Pfizer staffer was arrested on Thursday for an insider trading scheme using confidential information on a COVID-19 drug and is now facing decades in prison
Amit Dagar, 44, allegedly leaked inside information on the clinical trials of the Pfizer Covid-19 drug Paxlovid to receive illegal profits from insider trading.
Dagar received information that Pfizer’s Paxlovid drug received positive results in its clinical trials, according to a DOJ report from November 4, 2021.
Dagar then “purchased short-dated, out-of-the-money call options in Pfizer stock.”
Knowing the p …