COVID-19: As lab executives sell shares worth millions, questions arise ...United Arab Emirates

New York: Pfizer, Moderna, Novavax: executives at several American laboratories developing COVID-19 vaccines have recently pocketed millions of dollars by selling shares in their companies - raising questions about the propriety of such a move in the midst of a national health crisis. On the very day that pharmaceutical giant Pfizer announced preliminary data showing its vaccine was 90 per cent effective against the coronavirus, its chief executive Albert Bourla sold shares worth $5.6 million. There was nothing illegal about this, Pfizer said: the sale took place according to rules allowing company heads to sell shares under predetermined criteria, at a date or for a price set in advance, t

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Last updated : 21 Nov 2020 clock 11:00 PM

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COVID-19: As lab executives sell shares worth millions, questions arise ...United Arab Emirates

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