Kerrisdale Capital Releases Negative Report on Proteostasis Therapeutics, Inc.

Sahm Adrangi’s company, Kerrisdale Capital, released a unfavorable report on some of the recent findings of the Proteostasis Therapeutics, Inc. company. Proteostasis Therapeutics, Inc. (PTI) is a biopharmaceutical company that works to develop new drugs and test them clinically. PTI’s lead drug in development is called PTI-428. This drug is intended to treat the effects of cystic fibrosis by boosting the messenger RNA and proteins to the CFTR gene that is believed to cause these debilitating effects, effects which are eventually fatal.

In December, PTI released results from a trial that seemed to show the drug was working. The stock market responded to these findings with approximately a 100% jump in the company’s stock prices. The FDA even granted the drug a “breakthrough therapy” designation based on the report. Sahm Adrangi’s firm decided to take a closer look at the results of the trial. The trial seemed to show the effectiveness of the drug when it compared the test group and a placebo/control group. The report released by Sahm Adrangi’s firm, Kerrisdale Capital, said that the the test group didn’t exactly do unusually well, but that rather the control group under-performed. When compared to proper benchmarks, the drug actually had little to no effect. The unbalanced report issued by PTI is Phase 2 of testing. Their Phase 1 report showed much the same that Kerrisdale Capital found: no statistically-proven improvement.

Sahm Adrangi founded Kerrisdale Capital in 2009 and remains its Chief Financial Officer. In the past, his firm has exposed fraudulent findings from several Chinese medical companies. Sahm Adrangi’s reports have to lead to those companies receiving enforcement actions from the Securities and Exchange Commission.

Sahm Adrangi’s report concerning PTI said the company had “little value” and that there was a 70% – 90% downside to purchasing their stock. As seen with other companies in the past, PTI may become subject to enforcement and loss of stock value due to Kerrisdale Capital taking a second look.

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Jeffry Schneider and the Art of Leadership

Jeffry Schneider understands the art of leadership. He also puts a great deal of effort into supporting charitable causes. The holiday season saw Schneider lend valuable support to children’s medical causes in Central America. Through his various pursuits, Jeffry Schneider displays many traits of an effective leader. Leadership remains a skill most would benefit from actively developing.

Leadership Helps in Life

Leadership is commonly thought of as being specific to a particular job or career. An office manager and a baseball coach both clearly serve in leadership positions. Being a leader, however, extends to many different areas of life. A person with leadership qualities allows those qualities to positively impact his or her daily existence. Cultivating leadership skills requires both time and refinement, but this is possible when you become familiar with leadership traits. Those important traits include:

Strong Communications Skills

A strong leader must be able to convey his or her directives in a manner others understand. Effective written and oral communications skills factor significantly into someone’s ability to lead others. Articulation, however, isn’t the only aspect of communications that contribute to effectiveness, communications should embody a positive manner. Upbeat and positive communicators can generate trust and enthusiasm.

A Capacity to Learn

Leaders rarely succeed when they become too stuck in their ways. A leader must be willing to learn more about the area of expertise in which he/she intends to lead. Credibility can be harmed when a leader falls behind the proverbial learning curve. Those who show they never stop learning may become more respected in others’ eyes.

Embodying Ethical Behavior

While it is true not every leader is ethical, the best leaders definitely embody strong ethics. Those who look towards leaders for guidance usually put a tremendous value on ethics. A dishonest leader likely won’t be trusted fully. With trust undermined, the potential to lead falters.

Stresses Teamwork and Unity

Leaders realize they have a responsibility to help develop teamwork and camaraderie among others. Leaders realize that people who feel comfortable with each other often work well together. Leadership must include the ability to strengthen a team to work as a cohesive unit and do so by stressing strong relationships.

Becoming a Leader

Becoming a strong leader requires experience. This means leadership talents take time to develop. Those who struggle a bit to become proficient in the role should not feel defeated or wish to give up. Simply make the necessary corrections to any mistakes made. Improve incrementally in as many areas as possible. In time, with the right attitude and commitment, a leader may be made.

About Jeffry Schneider

Jeffry Schneider shows his leadership talents in many of his endeavors. Schneider’s commitment to health and wellness is admirable. His insights on living a healthier life might prove enlightening to those interested in the topic.