{
  "docId": "019dd923-622c-750b-8b9a-4b91788fc785",
  "docSlug": "5fadb686cc03",
  "documentTitle": "Twist Bioscience (TWST)",
  "authorId": "58_Scorpion_Capital",
  "authorName": "Scorpion Capital",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2022-11-15 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.2941177,
  "pageNumber": 35,
  "pageCount": 236,
  "prevPage": 34,
  "nextPage": 36,
  "slideType": "expose_contradiction",
  "function": "expose_contradiction",
  "density": "dense",
  "nDataPoints": 1,
  "notes": "Uses news headlines to frame the CEO's integrity and the company's technological origins as questionable.",
  "elementsJson": [
    "paragraph",
    "screenshot"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622c-750b-8b9a-4b91788fc785/35",
  "deckHref": "/decks/019dd923-622c-750b-8b9a-4b91788fc785",
  "deckJsonHref": "/decks/019dd923-622c-750b-8b9a-4b91788fc785.json",
  "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-4b91788fc785#slide-35",
  "components": [
    {
      "bbox": {
        "h": 0.15,
        "w": 0.6,
        "x": 0.05,
        "y": 0.48
      },
      "kind": "callout",
      "text": "Twist Bio's hard-charging CEO hit by claims she stole Agilent's trade secrets",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "f0d2441c-e86d-43a4-af6f-feb71b1b21c6",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "callout",
      "text": "Twist paid Agilent $22.5MM to settle the lawsuit – we’re going to guess right on the eve of trial.",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd953-0931-74b9-a33a-68b5f2959213",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.35,
        "w": 0.9,
        "x": 0.05,
        "y": 0.08
      },
      "kind": "paragraph",
      "text": "We’re curious what Twist’s Code of Ethics says about theft, as Leproust was sued by her previous employer, Agilent Technologies, where she worked for 13 years, before leaving in 2013 to found Twist. Far from being an innovation, Twist’s “DNA chip” is simply a cut-and-paste of an old technology that Agilent developed in the early 2000’s – which eventually ended up as an epic flop. Nonetheless, Agilent alleged that she “secretly laid the groundwork for a theft of Agilent technology” for “more than a year before she resigned.” Twist paid Agilent $22.5MM to settle the lawsuit – we’re going to guess right on the eve of trial.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "2479d5e8-20aa-47a3-a392-17260f963ed1",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.8,
        "x": 0.05,
        "y": 0.84
      },
      "kind": "paragraph",
      "text": "Deal will resolve dispute over DNA synthesis trade secrets allegedly brought to Twist from Agilent",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "567e8085-e544-4b93-867d-0eb38db817b5",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "quote",
      "text": "“secretly laid the groundwork for a theft of Agilent technology” — Agilent Technologies (allegation in lawsuit)",
      "attrs": null,
      "subkind": null,
      "toolName": "Authority citation",
      "toolSlug": "authority-citation",
      "confidence": null,
      "componentId": "019dd953-0931-74b9-a33a-6f440075d62d",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.5,
        "x": 0.05,
        "y": 0.95
      },
      "kind": "source-note",
      "text": "Source: https://www.fiercebiotech.com/biotech/twist-bio-s-hard-charging-ceo-hit-by-claims-she-stole-agilent-s-trade-secrets",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "7ab87a21-9cae-4744-b475-385208460a9f",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.8,
        "x": 0.05,
        "y": 0.75
      },
      "kind": "title",
      "text": "Twist Bioscience to pay $22.5 million in settlement with Agilent",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "6eda0580-81f8-4595-9708-6ee717fcd9b1",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "fraud-exposure",
      "slug": null,
      "matchId": "733e9ac8-6ac9-4a6d-9b7b-e97dd85d716e",
      "evidence": "The slide explicitly frames the CEO's past actions as theft and the company's technology as stolen, using legal settlements as proof.",
      "confidence": 0.9
    }
  ],
  "arcBeats": [
    {
      "to": 35,
      "from": 21,
      "beatId": "f585b630-5f5f-463e-9494-cfbea19740c6",
      "arcName": "Overcoming the Monster",
      "arcSlug": "overcoming-monster",
      "beatName": "Critique of Twist's management and strategy",
      "beatSlug": null,
      "evidence": "Analysis of management's red flags and strategic missteps",
      "position": 2,
      "confidence": 0.8,
      "parentBeatName": null,
      "parentBeatSlug": null
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}