The managing director of Viatris charged with insider trading with a former colleague

A A senior Viatris executive was charged with insider trading for tipping off a friend and former colleague about earnings, drug approvals and a pending merger with a Pfizer division.

In court documents, federal authorities alleged that Ramkumar Rayapureddy, chief information officer of the pharmaceutical company formerly known as Mylan, provided “material” information to Dayakar Mallu, who also worked in the IT department. In exchange, Mallu shared a portion of his illegal business profits with Rayapureddy through remittances in India.

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