Technology is always advancing, especially in the field of medicine as new cures and treatments are always in the works. Unfortunately, like any other business out there, things are not always what they seem. This looks like the case for a Biotech company that has introduced a new medical treatment for patients to fight cystic fibrosis. Kerrisdale Capital has issued a negative report on said Biotech company with the backing of Sahm Adrangi, Kerrisdale Founder, and CEO. As a leading investment company and one of the most reputable investors in the country, Sahm Adrangi is often heard about and listen to for his insight.
Proteostasis is the Biotech company that Sahm Adrangi is currently calling into question, as he doesn’t believe their medical research was thorough and even reviewed to the maximum extent. Kerrisdale managed to get a closer look into the biotech company and has determined that their research and claims have not be done on an adequate sample sizing since they only had four patients for testing. What Sahm found was that during the trial period for their testing, these four patients experience severe drops in their overall lung performance. With such a small sample size and data that looks sloppy and certainly not finished, Kerrisdale is calling Proteostasis claims into question.
Sahm Adrangi has invested in many companies over the course of his career and to tremendous success because of his insight and deep research protocols. Before investing in a company or letting others know a company is safe, Sahm takes the time to truly dig into a company. This is how he found Proteostasis’s supposed breakthrough was actually much less than what it seemed at the surface. According to the report from Kerrisdale, there are no results to be found through the biotech company’s data. Also, should the biotech company’s drug fail to work, they stand to lose virtually all of their assets, so the desire to produce profits is extremely high. After the initial Kerrisdale report on Proteostasis, the biotech company’s share value fell more than 15 percent.
Since 2012, a beach hostel of Sumba in the Indonesian Island has been transformed from its former existence. It is now a five star hotel resort that has been renamed Nihiwatu. This was the vision of fashion Mogul, Chris Burch, and his partner James McBride. Completed in 2015, the project cost around $30 million dollars for the renovations. The resort is so breath taking that in 2016, Travel + Leisure voted it the best hotels in the entire world. Chris Burke stated that this place was bough, and built for his children as a place that they can give back to the community.
Nihiwatu is such a remarkable place, that the Wall Street Journal reports that Burch splits his time between The Hamptons, Miami, and Indonesia. The private home of Burch at Nihiwatu is called Raja Mendaka, and sits among twenty seven other private villas. While Raja Mendaka is the main house, it is surrounded by four other villas, each has its own plunge pool. Indonesia is a remote island, and the new resort has been named The Edge Of Wilderness. It is an amazing place where the picture perfect view of the ocean leaves you speechless. No where else in the world can this eye catching, astonishing view be matched.
Chris Burch is the founder and Chief Executive Officer of Burch Creative Capital. Mr Burch actively invests in a wide range of business in many different industries. He co founded the fashion brand, Tory Burch. He uses his marketing and sales interests to a wide range of businesses that include fashion, hospitality, financial services, consumer products, and technology. According to bjtonline.com, Chris started his career when he was still an undergrad at Itchica College. He and his brother started the clothing line Eagles Eye which grew into a multi million dollar apparel company before it was sold. He is now an entrepreneur with numerous businesses to his credit. Over the span of the last forty years, Burch has contributed to the success of many luxury brands, and technology. To know his new and follow on investment, hit prnewswire.com.
Chris Burch has done a wide range of investing in international, and domestic industries including the luxury homes that were developed in Nantucket, Palm Beach Florida. Check architecturaldigest.com for a related article. In 2011, Burch started a retail venture that offers apparel, home decor, and accessories. This was sold after a brief period. In 2014, he partnered with Ellen DeGeneres to launch her brand ED by Ellen DeGerners. Chris Burch has had many business ventures in his forty years of experience, but he saved the best, Nihiwatu, for last. Have a glimpse to his awesome resort investment, hop over to businessinsider.com.
For contact details visit http://www.burchcreativecapital.com/contact/