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Jean-Phillippe Courtois, a non-executive director at AstraZeneca, has spent nearly £50,000 upping his stake in the drug giant.
He bought 2,135 shares for 2,299p each and now has 2,635.
News of his purchase came on the same day AstraZeneca was celebrating a favourable decision from US regulators regarding its new drug application for diabetes treatment ONGLYZA.
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The US Food and Drug Administration's (FDA) Endocrinologic and Metabolic Drugs Advisory Committee decided that the data supporting the drug application for ONGLYZA were sufficient to discount unacceptable cardiovascular risk.
Courtois, who is also the President of software company Microsoft's non-US operations, was appointed to Astra's board on February 18.
Top Director Buys
Value: £99,120
Value: £99,120
Value: £98,000
Value: £49,084
Value: £25,002
Value: £25,000
Value: £25,000
Value: £14,600
Value: £13,411
Value: £12,250
Top Director Sells
Value: £2,800,000
Value: £321,247
Value: £10,040
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
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