The Justice Department is pursuing an insider-trader case involving an executive at Viatris, a healthcare company.
A top technology executive at the healthcare company Viatris Inc. was charged with sharing illicit stock tips that netted millions of dollars for a friend who traded on them, according to the Justice Department.
Ramkumar Rayapureddy, the global chief information officer at Viatris , shared undisclosed information about a regulatory drug approval, his employer’s financial results and a planned merger with a division of Pfizer Inc., authorities said.
When he worked at Mylan NV, a predecessor company to Viatris, Mr. Rayapureddy allegedly leaked the information to a friend, Dayakar Mallu, according to an indictment.