Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
News: Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

Germany's BaFin looking into possible insider trading of CureVac shares

06/21/2021 | 08:25am EDT
FILE PHOTO: Dose of CureVac vaccine or a placebo is seen in Brussels

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 could have used their insider knowledge of the vaccine study results and sold shares in good time, the newspaper added.

Shares in CureVac dropped 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 said it was not aware of the audit and had not been contacted by the watchdog regarding any proceedings.

(Reporting by Riham Alkousaa, Patricia Weiss and Hans SeidenstueckerEditing by Paul Carrel and Caroline Copley)


© Reuters 2021
Latest news "Economy & Forex"
08:42aTVA TENNESSEE VALLEY AUTHORITY : Demolishes Coal Plant for Development and Cleaner Energy
PU
07:59aMore countries hike climate pledges, piling pressure on major emitters
RE
07:58aU.S. Senate works on the weekend on $1 trln infrastructure bill
RE
07:53aOlympics-Organisers seek to prevent heatstroke with AI gadget
RE
07:52aDEPARTMENT OF AGRICULTURE OF REPUBLIC OF P : Low-priced frozen pork, chicken now available in Marikina
PU
07:35aDisney rejects Scarlett Johansson's complaint over 'Black Widow' streaming release
RE
06:32aAmazon-backed Rivian in talks with ministers over UK factory -Sky News
RE
06:13aInflation Here To Stay, Russia’s Central Bank Governor Elvira Nabiullina Warns - FT
RE
06:13aInflation here to stay, russia’s central bank governor elvira nabiullina warns - ft
RE
04:54aUK 'closing in' on free trade agreement with New Zealand
RE
Latest news "Economy & Forex"