SEC fines former Merck exec over insider trading allegations
The Securities and Exchange Commission said a former Merck executive agreed to pay $82,000 after alleging he purchased shares of a company right before it was acquired by the drugmaker.
Nirdosh Jagota, a former VP of global regulatory affairs at Merck, bought 500 shares of Pandion Therapeutics’ stock on Feb. 9, 2021, and 500 additional shares on Feb. 17, 2021, according to an SEC order announced on Monday. Members of the executive’s team had been involved in the due diligence process leading up to the deal since January of that year.
Unlock this article instantly by becoming a free subscriber.
You’ll get access to free articles each month, plus you can customize what newsletters get delivered to your inbox each week, including breaking news.