Sunday, July 25, 2021
Home Business Germany's BaFin looking into possible insider trading of CureVac shares By Reuters

Germany’s BaFin looking into possible insider trading of CureVac shares By Reuters


© Reuters. FILE PHOTO: A dose of CureVac vaccine or a placebo is seen during a study by the German biotech firm CureVac as part of a testing for a new vaccine against the coronavirus disease (COVID-19), in Brussels, Belgium March 2, 2021. REUTERS/Yves Herman

BERLIN (Reuters) – German financial watchdog BaFin is investigating possible insider trading of vaccine maker’s CureVac shares, which fell after the biotech firm announced its COVID-19 vaccine proved only 47% effective, Rheinische Post newspaper reported on Monday.

BaFin will investigate whether employees at Curevac or Bayer (OTC:) could have used their insider knowledge of the vaccine study results and sold shares in good time, the newspaper added.

Shares in CureVac droped more than 50% on Thursday following the company’s announcement, erasing more than 6 billion euros ($7.2 billion) from the company’s market value.

A BaFin spokesperson declined to comment on individual cases but said the authority examines unusual price movements to determine whether there is any suspicion of market abuse or manipulation.

CureVac was not immediately available to comment on the report.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





Source link

RELATED ARTICLES

Olympics-Japan’s hopes get a boost with second gold as swimmer Ohashi wins By Reuters

© Reuters. Tokyo 2020 Olympics - Swimming - Women's 400m Individual Medley - Final - Tokyo Aquatics Centre - Tokyo, Japan - July...

GM, Cruise sue Ford to block use of ‘BlueCruise’ name

General Motors and its Cruise robo-taxi subsidiary have filed a lawsuit to stop Ford Motor from using the name "BlueCruise" to market its...

How To Create A Stylish And Comfortable Reading Nook In Your Bedroom

Often the bedroom is perceived only for sleeping, but there are so many activities that we do in the bedroom to relax and unwind...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

Olympics-Japan’s hopes get a boost with second gold as swimmer Ohashi wins By Reuters

© Reuters. Tokyo 2020 Olympics - Swimming - Women's 400m Individual Medley - Final - Tokyo Aquatics Centre - Tokyo, Japan - July...

GM, Cruise sue Ford to block use of ‘BlueCruise’ name

General Motors and its Cruise robo-taxi subsidiary have filed a lawsuit to stop Ford Motor from using the name "BlueCruise" to market its...

How To Create A Stylish And Comfortable Reading Nook In Your Bedroom

Often the bedroom is perceived only for sleeping, but there are so many activities that we do in the bedroom to relax and unwind...

Enchanting Gold Bangles design

Bangles have been an inseparable part of Indian jewellery. Their origin doesn’t have any solid reference. Nevertheless, their existence was found in the form...

Recent Comments