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  "documentTitle": "Bayer AG (BAYN)",
  "authorId": "04_Greenlight_Capital",
  "authorName": "David Einhorn",
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  "presentationDate": "2016-11-28 00:00:00",
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  "notes": "The slide uses a sarcastic tone to highlight the market's lack of reaction to significant upward revisions in peak sales estimates.",
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      "text": "It makes us wonder if Bayer has any drugs in the pipeline to treat inappropriate yawning.",
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      "text": "Historical and peak sales growth for Eylea",
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      "text": "annual peak sales: € 2,500",
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      "text": "Eylea treats macular degeneration and all I can say without cringing is that involves eyes and needles. In the most recent quarter, Eylea grew 28%. In September, management increased its estimates for annual peak sales from 1.5 billion Euros to over 2.5 billion and the market yawned about this, too. It makes us wonder if Bayer has any drugs in the pipeline to treat inappropriate yawning.",
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