Documents filed with the U.S. Securities and Exchange Commission (SEC) say Burla sold 132,508 shares on Monday for $ 41.94 each.
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The company’s vice president, Sally Susman, has also sold 43,662 shares for about $ 1.8 million.
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However, Pfizer explains that the sale of these shares is part of a pre-arranged periodic plan to sell assets when the shares reach a certain price level.
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Pfizer and German company BioNTech said on Monday that their jointly developed vaccine against the new coronavirus had shown 90% effectiveness against infection in the third phase of trials.
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