Category Archives: Businessman

Sahm Adrangi Is Investigating Proteostasis’ Breakthrough Claims

Sahm Adrangi is a well-known investor and business executive in the United States who regularly calls out companies that he believes should be avoided or are making false claims. The latest company under attack by Sahm Adrangi is Proteostasis, a biotech company that has been working on a new drug to combat cystic fibrosis for patients. While this sounds like a good thing, there are a lot of concerns surrounding this “breakthrough” drug that they have been developing. Sahm Adrangi did some digging into the company and various analysts at Kerrisdale Capital have found some concerning data as well. Proteostasis actually has very messy data to sort through, which is not a good thing to see when a company making such strong claims.

In Proteostasis’s test period for their drug, CFTR amplifier PTI-428, only four patients were used for their control. Which means results are most likely skewed as the testing sample is much too small. Proteostasis claimed an increase of roughly 5 percent for patient lung performance, which is most likely just placebo according to Kerrisdale. Over the years, Sahm Adrangi has had no qualms facing biotech companies and their claims, including some of the biggest in the industry.

The data provided by Proteostasis is incomplete as well, which indicates poor testing methods and lack of organizations. Another concerning part of these claims being made by Proteostasis is that there is a lot of pressure on them to create a successful product. Should Proteostasis’s new drug prove ineffective, they stand to lose upwards of 90 percent of their company share value, which would basically mean bankruptcy for Proteostasis. Until this biotech company does a larger study that is complete and provides accurate data, Sahm Adrangi is going to take the short position at Kerrisdale Capital and urges his fellow investors to do the same. As long as Proteostasis continues to show transparency in their procedure and data, Sahm Adrangi will push Kerrisdale’s negative report to the public.

http://fortune.com/2016/04/21/sahm-adrangi-kerrisdale-short-sale/

Eric Lefkofsky: Tempus Progression Against Cancer

It was recently reported that Eric Lefkofsky, CEO of Tempus, has been developing breakthroughs in precision, data-enabled medicine. With approximately 40% of US adults diagnosed with cancer sometime in their lifetime and the cancer diagnosis is expecting to approach over 19 million people by the year 2024, amazing groundbreaking companies, like Tempus, are creating better-looking prognosis.

Tempus has a goal to transform the delivery process of cancer care. They have developed a way to effectively analyze the molecular and clinical data of patients. Tempus had the means for analytics software development, but obtaining affordable medical and clinical data was an issue at first. Tempus also had to overcome the collecting and storing information process concerning cancer patients. This information was mainly in the form of doctor’s notes known as progress notes; however, these notes weren’t able to be captured and analyzed in software. Nevertheless, Tempus created software with the capability to process natural language and optical character recognition. And now the advances in technology and science made it possible for the cost of the genome to cost approximately $5,000, and it is expected to plunge to a lower price tag. Obtaining the genome used to be very expensive up to $100 million. Human genome sequencing gives clues that are beneficial against cancer, and Tempus is promoting it.

About Eric Lefkofsky

Erick Lefkofsky is the CEO and co-founder of Tempus. He is also the chairman and co-founder of Groupon, a worldwide e-commerce marketplace, and he is the founding partner of Lightbank, a venture capital fund for disruptive technologies, to name a few.

He was born in September 1969, and he is originally from Southfield, Michigan. In 1991, he graduated with high honors from the University of Michigan in Ann Arbor. In 1993, he graduated from the University of Michigan Law School earning his Juris Doctor degree. In addition to becoming a major player in the dot-com revolution, Lefkofsky held teaching positions at the Northwestern University’s Kellogg School of Management and DePaul University’s Kellstadt Graduate School of Business. Also, he is an adjunct professor at the University of Chicago’s Booth School of Business.

All About Agora Financial

Agora Financial is one of the most exciting businesses in the Baltimore, Maryland area. This firm’s publications give Americans the tools they need to succeed. It’s staffed by some of the highest-profile people in fields like law, finance, technology and defense. Reading their insights gives subscribers the ultimate in insider information.

The world of high finance can be confusing for the uninitiated. Agora Financial’s team of experts breaks everything down so that laypeople can understand what’s really going on in the world. The expert reporting and analysis makes it possible for subscribers to protect and expand their assets.

The writers and editors at Agora newsletters are well-placed to get information earlier than other outlets. In fact, the Wall Street Journal, CNBC and Fox Business News often report on this publisher’s finds and analysis. Famed negotiator Jim Rickards is one of Agora’s most popular authors.

The Agora Financial stable of newsletters includes Kinetic Profits, the Dollar Trade Club and The Takeover Alert. Whether your goals are short-term or long-term, there’s a publication that will help you achieve them. A recent addition, The Crypto Report, has taken off in recent weeks as Bitcoin has dominated the news.

Agora Financial is also unique in that it’s totally independent. In a world of pay-for-play “sponsored” content, this family of publications never trades cash for coverage. That means you can always trust their reporting. It’s also another reason why their analysis seems so clear-cut, compared to the competition.

This firm creates videos and online seminars in addition to print content. Agora Financial has a big presence on social media, especially Twitter. Agora has streams of both free and premium content.

Agora Youtube channel: Youtube.com/channel/UC_PFk4NAr18UClM_wxZuyOg

Aloha Construction: Building with Generosity

“Charity begins at home,” wrote Charles Dickens. Aloha Construction, a generous company in the suburbs of Chicago, gives reason for that old adage to be changed into this: charity begins at a home construction company.

Aloha Construction is a family-owned home repair business based in Zurich Lake, Illinois. It serves the entire state of Illinois and southern Wisconsin and its motto is “We reign when it pours.” This slogan highlights the company’s reputation for quality repairs of storm damage to roofs, siding and other parts of a home. Aloha also does repairs and remodeling of all types, including interior projects through its new division, Aloha Restorations. With a commitment to certification of its workers for various construction skills, Aloha has gained a reputation as a leading construction company in the Midwest.

However, Aloha Construction’s commitment stretches beyond the repair of homes and includes building up its local community. It partners with Illinois State athletics as a business sponsor, supports the Roselle Medinah Softball and Baseball Organization’s Renegades youth baseball team, and sponsors the Central Illinois Flying Aces (of the USHL which is the top junior league for the NHL). As part of its work with the Flying Aces, the company assists the Bloomington Boys’ and Girls’ Club in hosting its “Youth of the Month” at home games.

Aloha Construction president, David Farbaky is a major reason for the company’s commitment to such charitable causes. Frabaky stresses that each Aloha Construction worker embraces the company’s core values: responsibility, accountability, and relationship building. Farbaky also leads by example as he established the Dave Farbaky Foundation. His foundation is a way to give back to the needy in the community. An example of the company’s generosity is its partnership with Learning Express Toys and OMNI Youth Services. Farbaky contacted OMNI to select four children for a shopping spree at Learning Express Toys. They chose four sisters from a single-parent home. After a tour of the store, the four were each given a large trash bag and sixty seconds to select as many toys as possible. After their initial race through the story, Farbaky gave them thirty additional seconds to make another trip through the store. The girls walked away with $7000 worth of toys.

“Giving is not about making a donation. It is about making a difference,” said Kathy Calvin. Aloha Construction is making just such a difference in homes and lives of its community.

Twitter: https://twitter.com/alohabuilds