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  "documentTitle": "Penumbra, Inc. (PEN)",
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  "notes": "The slide emphasizes the proprietary/exclusive nature of the data to build credibility for the activist's thesis.",
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      "text": "It is important to note that, to our knowledge, this data is known to very few market participants: it is designed for and provided primarily to the health care industry. Our understanding is that it is known to few, if any, sell-side brokerage firms...",
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      "text": "It is important to note that, to our knowledge, this data is known to very few market participants: it is designed for and provided primarily to the health care industry. Our understanding is that it is known to few, if any, sell-side brokerage firms. We believe that the market is generally blind to this data, and that prices of Penumbra shares must adjust to reflect this powerful, credible, and compelling information.",
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      "kind": "paragraph",
      "text": "In order to evaluate recent changes in aspiration catheter market share, Spruce Point obtained recent hospital transaction data from IQVIA. IQVIA - formerly IMS Health and Quintiles - is a publicly-traded healthcare data analytics and technology services company...",
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      "text": "Source: Medical Device & Supply Audit, June 2013 - May 2018, IQVIA Inc. All Rights Reserved.",
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