Sahm Adrangi Targets Bad Medicine

Investing against a company’s success may seem morally wrong at first glance, but if said company isn’t being honest with their consumers and investors it can be a great way to force change. This is what activist investor Sahm Adrangi does, and he’s profiting while making a difference. The 2003 Yale University Graduate and founder/Chief Investment Officer of Kerrisdale Capital Management LLC. sets his sights on what he considers bad businesses in the biotech, mining, and telecommunications industries specifically. Read more about Sahm Adrangi at Benzinga.

While making headlines in the past for short selling US-listed Chinese companies who used reverse mergers to enter the US stock exchange, Sahm Adrangi has recently become known for his predictions of drugs in development that were destined to fail from the beginning. His latest target is a drug in testing to treat AL amyloidosis known only as NEOD001. The drug being developed by Prothena is ready to enter Stage III testing despite the fact that the much-hyped formula’s initial results were lackluster. In fact, according to Sahm Adrangi, the positive results may have nothing to do with the drug and may be the product of natural occurrences in the disease’s progress. After revealing his own research to the public, Prothena’s stock plummeted by 8% almost immediately. Follow Sahm Adrangi on twitter.com.

Incidentally, this announcement came on the heels of 2 previously successful short selling attacks instigated by Sahm Adrangi on companies hyping drugs that Sahm Adrangi knew wouldn’t work based on early phase test results. The failure of these medications, Bavarian Nordic’s Prostbac and Sage Therapeutic’s brexanolone, came within weeks of each other and investors are taking heed to Adrangi’s warnings. By the same token, the results of the prostate cancer vaccine, Prostvac, do not bode well for Bavarian Nordic’s other vaccines for lung and bladder cancer in development. While this is bad news for patients and investors, it’s better to know rather than put hope in a medication with no potential. Bristol-Myers Squibb had already invested $60 million into Prostvac for licensing and was expecting to put in another $80 million after Phase III results were released for a medication that did for fare any better than a placebo.

Know more: https://www.hvst.com/user/sahm-adrangi

A cry for justice from the people of Maricopa

The presidential pardon to Joe Arpaio has almost negated all the work and effort that has been put in to try and hold into account a man who for long operated with impunity and little regard for human rights for those who did not look like him.

Lacey and Larkin have been some of the most vocal critics of this pardon, and it was not lost on them what it meant. The two have stated that what Trump did was not only wrong but was meant to subvert justice in a system that was already screwed to align with the sheriff.

It would have been hard in the first place for the sheriff to be sent to jail despite the law clearly stating that defying court orders would lead to a jail term of up to six months.

The sheriff had used his power as sheriff to harass and intimidate the Hispanic community and had done so with little shame or regard for their rights. Lacey and Larkin are now the founders of the Frontera fund this is an organization that is dedicated to fighting for the less capable in society as well as the Hispanic community.

Having covered their plight under the sheriff extensively in Maricopa, Lacey and Larkin had identified a need to have a fund that worked together with the community to try and get them fair representation as well as an avenue for recourse whenever their rights were violated. Learn more about Jim Larkin and Michael Lacey: http://www.laceyandlarkinfronterafund.org/about-lacey-larkin-frontera-fund/michael-lacey/ and http://www.phillypurge.com/2017/06/23/jim-larkin-michael-lacey-make-the-list-of-civil-rights-protectors/

The sheriff had already made harassing and arresting Hispanics his favorite part of the job, and it was no surprise when a lawsuit focusing on the same was brought against him. The lawsuit would find the sheriff guilty, which in turn validated the assertion by the two and intensified the need to have their organization up and running.

Micheal Lacey and Jim Larkin would get arrested by the sheriff and his officers in 2007 and get detained for almost 24 hours only being released when the outcry from the public and media became too much. The sheriff would, in fact, drop all the charges that he had hoped to pin on them.

The damage done was irreversible as for Larkin and Lacey this was not only illegal detention but a violation of the first amendment right. The sheriff would face another lawsuit from the duo this time focusing on the first amendment right. The case was brought before the ninth district court of appeals, and it was determined that indeed there had been a violation of the first amendment right. Read more: Jim Larkin | LinkedIn and Michael Lacey | Twitter

The county would once more bare the cost of the sheriff’s transgressions. The settlement would top three and a half million dollars, but since it would not come out of the sheriff’s pocket to him, it did not seem to matter much.

Lacey and Larkin would dedicate the entire amount to their fund, and in an ironic turn of events, money that the sheriff would have used to harass and intimidate the Hispanic community is now entirely dedicated to fighting for there rights.