Sahm Adrangi is always on the lookout for companies that are worthwhile investments in various markets, including the medical market. That being said, Sahm is also wary of companies that are potentially problematic and when he finds one, he lets everyone know. Kerrisdale Capital, Sahm Adrangi’s investment management firm, recently released a review of the biotech company, Proteostasis. This review is not the good kind, as Sahm Adrangi calls into question whether or not this company is fabricating their medical results.
Proteostasis recently made an announcement that they have created a new drug that can combat cystic fibrosis, claiming this drug can greatly improve lung performance for those afflicted with the illness. Sahm Adrangi is no stranger to taking on biotech companies, having combated some of the biggest in the world without hesitation, and Proteostasis is no different. The data that has been put forth by Protestais has been analyzed by Kerrisdale Capital, and much of it is not promising in regards to their new “breakthrough” drug.
The testing that this biotech company has done is not yet complete, especially since their first run using the drug only comprised of four different patients. This is hardly a big enough sample size to determine whether or not a drug is effective for people. For Proteostasis to make these claims so prematurely, the data for the effectiveness of their drug is actually skewed. For all Proteostasis knows, their drug acted as a placebo for their patients.
Sahm Adrangi is concerned that this company’s claims have actually been falsified because of the pressure against them for creating a product that is successful. Not only is their data largely incomplete and devoid of test results, but Proteostasis stands to lose the majority of their company value should this drug not work out. With all of the problems looking into this biotech company, Sahm is warning people of their claims and investors to stay clear. Since Kerrisdale’s report released, Proteostasis’s company stock value has decreased by 16 percent, amounting to tens of millions of dollars.
Anthony Petrello is now the CEO of the biggest oil and drilling firm in the United States known as Nabors Industries. For him to get to this positions, it has taken years of hard work and growing step by step from one position to the other until he has finally became the CEO of Nabors. Anthony was born in a humbler family. His parents could not afford to take him to a good school as he would have wished; he attended a local public school. However, despite attending a public school, he did not lose momentum in his studies. He studied hard and performed very well in his exams. He showed brilliance that could not be matched even by students who attended private schools.
Anthony Petrello demonstrated exceptional skills in solving mathematical problems even in high schools. He was spotted by the Yale University who gave him a fully paid scholarship to study a degree in mathematics at the university. He was given an opportunity to study up to Ph.D. level. At the Yale University, Anthony Petrello would not stop showing impressive results. He performed way better than other student and was even invited by Professor Serge Lang to assist him in proving mathematical theories. Petrello was brilliant than any other student at the university during his undergraduate studies. He did not stop at the undergraduate level. He advanced and achieved a masters in mathematics still at the Yale University.
Something changes while after he finished his master’s degree; he lost passion for mathematics. He decided to take a new route and pursue law. He left Yale University and joined Harvard law school. When he switched to law studies, he did not lose the passion he had for excelling in education. He performed exemplary well and earned a Juris Doctor. After completing his post-graduate studies, Anthony Petrello married his Yale college friend, Cynthia. He then started his career practice by working for Baker &McKenzie law firm in New York. He worked a business lawyer for a few years after which he joined Nabors industries. He had worked at Nabors for about 20 years when he was appointed the CEO.Anthony Petrello is a true epitome of a person who does not believe in giving up. He has worked his way up from a very humble beginning to become a significant player in the economy of the United States. Today is one of the capable business leaders who make the United States shine as a hub of multinationals.
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Eric Leftkofsky is the co-founder of the company Tempus. Tempus is a company that specializes in data-enabled precision medicine. Eric also co-founded Groupon, but Tempus has a personal meaning to him due to his wifes condition.
Erics wife was diagnosed with breast cancer. That is when he found out about the mess that is data collection and digital technology. There was so much data about patients and their treatments, but there was no effective way to gather that information and put it to use. Now in steps Tempus. They waned to revolutionize the way that cancer care was delivered. And while they have discovered ways to analyze a patients clinical and molecular data, it didn’t come easy. Problems are bound to happen when you are talking about such a huge project, and initially there was a few of them. Ensuring that this information was affordable and accessible was problematic from the start. Plus, making sure that this sensitive information about patients was stored. Luckily, these hurdles were solved with Tempus creating its own software to ensure that a physicians notes could be transformed into structured data. Other procedures, such as human genome sequencing, used to be expensive, and unattainable by the average working person. Fortunately, companies like Tempus are helping drive the price down from the $100 million it was in 2003 to the $5000 it is today, plus it is expected to continue to lower. Tempus continues to make strides in the data-enabled precision medicine field, and hopes to help doctors pair patients with treatment more accurately.
Leftkofsky was born in Southfield, Michigan in 1969. He attended, and graduated from the University of Michigan before partaking in the dot-com revolution. Tempus headquarters is located in Chicago, which is where he spends most of his time. He has held several teaching positions over the years at different business and management schools, and now teaches as an adjunct professor at the University of Chicago’s Booth School of Business.
Paul Mampilly, a former Managing Director for one of Wall Street’s top hedge funds offers a lot of investment advice through his newsletters and articles at Banyan Hill Publishing, and one area he talks about there is cryptocurrency. He said in one article that he wasn’t fully aware of just what a phenomena Bitcoin would become in 2017, but while it had a great uptick this year, it’s something he says investors should avoid now. What Mampilly says is that Bitcoin is becoming popular, but so much so that its overall value is going to be hurt in the long run. It’s reached a certain level that has made it overpriced and as a result, it’s become like a bubble the same way that the housing market was in 2008.
Paul Mampilly is usually correct when he makes a prediction in the stock market. He foresaw both the dot-com crash and the housing crisis in his time, and he also decided to buy Facebook and Netflix stocks before they soared and became big companies. He got his degree in economics and finance back in 1991 after graduating from Montclair State University, and then he took a job as a research assistant at Deutsche Bank. After serving tenures at Deutsche Bank, ING, Sears, Banker’s Trust and a private Swiss bank, Mampilly founded Capuchin Consulting and later took a job as Managing Director for Kinetics International Fund. Here he made so much money for investors that Barron’s featured the hedge fund as one of the top ones on Wall Street, and the firm’s assets under management grew from $6 billion to $25 billion in months. Two years after joining Kinetics International Fund, Paul Mampilly won the Templeton Foundation’s award for investing $50 million in profitable stocks during the recession and making $88 million.
Paul Mampilly stayed on Wall Street until a couple years ago when he decided his job really wasn’t helping average Americans invest the way it should. He had plenty of experience and market inside knowledge, but he wanted to share it with people in a way that was more accessible than most regular publications provided. So he joined Banyan Hill Publishing in 2016 and started writing about big stocks and how people could buy them with no brokers in “Profits Unlimited.” Most people who read this newsletter were skeptical at first, but upon seeing that his advice really was true, Paul Mampilly gained 60,000 subscribers in just one month after releasing it.
Paul Mampilly’s Social Media: twitter.com/Paul_M_Guru
Recently, students at High Desert Montessori in Reno, Nevada were given a new greenhouse by Great Full Gardens Café and Josh Smith’s Modular Greenhouses. They were also given some money to purchase seeds, soil, and planters. They now have an opportunity to cultivate food and be able to care for their fitness and health. Great Full Gardens have grand plans for the future; they intend to be purchasing the food grown at the school, prepare it and then serve it to their customers.
Modular Greenhouses has been able to donate greenhouse to the local Boys and Girls Club in Reno, Nevada. Its CEO, Josh Smith has great plans for the company. They plan to equip every nonprofit or school in Washoe County with a greenhouse by 2020.
Josh Smith is a Reno-based entrepreneur and CEO of various businesses in the sustainable and wellness field primarily in Reno, Nevada. His drive to make a constructive impact on the lives of people has seen him establish successful companies across many industries. Smith always ensures that his businesses embrace technology. He brings a new era of leadership that embraces positive change. His corporations achieve these by providing solutions and products that regenerate the environment and thus have a direct positive impact on humans.
Josh Smith is also an inventor. After going through a lot to purchase a greenhouse for his home, he came up with a modular-hinge house suitable for a residential home greenhouse. This greenhouse will allow many communities and families garden efficiently at home and produce pounds of organic foods. Mr. Smith leads a visionary lifestyle that will enable him to always look for solutions and thus have direct entries to the market. His businesses are always aiming at improving the socio-economic activities of humans.
Josh Smith has been an entrepreneur for over two decades. His areas of expertise have been, regulatory approvals, compliance, global operations, manufacturing, multinational import and export logistics, and customs procedures. Over the years, he has committed his life to give and care for children in the world. He founded a charitable organization that takes garden programs and greenhouses to k-12 schools across the US.
For updates follow Josh Smith on Twitter.
Adam Milstein is well-known as a philanthropist, real estate broker and community leader. Originally from Israel, he came to the United States in 1981. He earned a business degree from University of Southern California and began his career in Community Real Estate in 1983.It was then that he opened his own business. Co-founder of National Chairman of Israeli- American Council, he also serves on the board of Israel on Campus. Milstein also serves as a managing partner at Hager Pacific Properties, a real estate investment firm for private properties. Recently, he was interviewed by Ideamensch:
Milstein remembers that when he was working his MBA at Southern California, he felt the embarrassment of interviewers not liking his world view or experience. Milstein says that interviewers offered him the base pay that undergraduates received. However, instead of becoming discouraged, he struck out on his own and soon found success in his own company.
There is no typical day in the work world of Adam Milstein. He note that every day in the world of business comes with ups and downs and changes. As his success grew, he did become more secure in the organization of his company. Becoming involved in philanthropy is what gave meaning to his work.
Adam Milstein credits his perseverance and follow up for his climb to success in business. He states that you can’t let things fall in the cracks. Milstein always pushes himself to make ideas come to fruition and he doesn’t leave things to other people because he’d rather do it himself. When he was asked what the best $100 he has spent lately, he answered dinner with his children and wife. Nothing is better than that.
Adam Milstein admits to one mistake, and that is he tried to get all of his success quickly. In the beginning, he wanted to succeed at everything and attain his dreams. Success takes time and persistence. In the real estate business, where supply can be behind the demand side, for years, you must continue to push through. It is this refusal to give up and to pay attention to detail that has propelled Adam Milstein to success. At every step of the way, Milstein has used his good fortune to serve his community and to help others. He feels that doing things for others brings meaning to life and to work.
The Executive Chairman of PodcastOne Norman Pattiz recently announced the results of the brand lift studies of the network and its impact. The research was done by Edison Research which is a leading research group. Comprehensive result studies were done before and after the campaigns on 5 main consumer brands with different services and products. According to Norman Pattiz, the studies were done at the last half of 2016 whereby it showed very impressive results (https://www.crunchbase.com/person/norman-pattiz#/entity). Over 60% of the listeners of PodcastOne could look for a certain grocery brand following the campaign, a 7% high from the period of pre-study.
There was an increase of 47% of the unaided product awareness of listeners at the time of the post-study period on the financial services product. For the automotive aftermarket product went up by 37% and the garden and lawn product by 24%. Over a third of the listeners gave a favorable opinion on the automobile aftermarket product after the campaign. This was an increase from the 18% at the pre-study period. The listeners also gave a very likely consideration about the garden and lawn product which was 22% compared to the 16% of the pre-study period.
There was an increase of 60% about a particular campaign message for the automobile aftermarket product following the campaign. A casual dining restaurant got an increase of 67% at the time of the pre-study period. It was confirmed by Edison Research that it has conducted three studies so as to arrive to the final result. The conclusion of the research was that the audience of PodcastOne was receptive to many different brand messages and was interested in considering the mentioned products. According to Norman Pattiz, the brand offers brand impact more than the traditional advertising formats.
With more than 40 years of experience, Norman Pattiz is a known figure in the mass media and radio broadcasting industry. He is the founder of Westwood One which is now the biggest radio network in the United States. Under his leadership, Westwood One has been able to distribute, manage and own numerous radio networks and programs which include CNN Radio, NBC Radio Networks, NFL Football, CBS News, March Madness, The Super Bowl, summer and Winter Olympics, The Mutual Broadcasting System and NCAA Basketball among others. Norman Pattiz is also the founder and Chief Executive Officer of the Courtside Entertainment Group which creates and distributes quality programs.