{
  "docId": "019de06f-5896-7649-985b-a047bf109b4e",
  "docSlug": "0679cfa5b71d2595d2aa08ef14ddbab6",
  "documentTitle": "Pershing Square | Activist Presentation Deck | 39 slides",
  "authorId": "pershing-square",
  "authorName": "Pershing Square Capital Management, L.P.",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2014-09-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.3333334,
  "pageNumber": 12,
  "pageCount": 39,
  "prevPage": 11,
  "nextPage": 13,
  "slideType": "comparison_table",
  "function": "compare_peers",
  "density": "sparse",
  "nDataPoints": 0,
  "notes": "The slide uses a side-by-side diagram to illustrate supply chain disintermediation.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de06f-5896-7649-985b-a047bf109b4e/12",
  "deckHref": "/decks/019de06f-5896-7649-985b-a047bf109b4e",
  "deckJsonHref": "/decks/019de06f-5896-7649-985b-a047bf109b4e.json",
  "deckAnchorHref": "/decks/019de06f-5896-7649-985b-a047bf109b4e#slide-12",
  "components": [
    {
      "bbox": {
        "h": 0.5,
        "w": 0.92,
        "x": 0.04,
        "y": 0.44
      },
      "kind": "diagram",
      "text": "Standard US Drug Supply Chain vs VRX's Specialty Pharmacy Supply Chain",
      "attrs": null,
      "subkind": "value-chain",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "f63281f4-7830-4d5c-9c63-602425afae94",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.22,
        "w": 0.92,
        "x": 0.04,
        "y": 0.18
      },
      "kind": "list",
      "text": "Payors/PBMs attempt to influence drug utilization to their benefit (tiered formulary co-pays, prior-authorizations, exclusion lists, etc.)\nDrug companies attempt to maintain patient access to physician-prescribed branded drugs\nSpecialty pharmacies offer services to improve patient access, including drug dispensing, claims adjudication, coverage status determination, therapy monitoring/adherence, co-pay assistance, etc...",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "985bcc3e-b61f-4f2e-ac86-88e5fd77cf39",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.14,
        "w": 0.92,
        "x": 0.04,
        "y": 0.04
      },
      "kind": "title",
      "text": "Valeant's Specialty Pharmacy Strategy Cuts Out the Wholesaler & Improves Patient Access",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "c3ff27cd-d9ca-414a-af6e-183c47a34cdd",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Value chain",
      "slug": "value-chain",
      "agent": null,
      "layer": "slide",
      "matchId": "64e63ae3-210d-4be6-83ae-1c8087c7c5b6",
      "evidence": "diagram/value-chain: Standard US Drug Supply Chain vs VRX's Specialty Pharmacy Supply Chain",
      "confidence": 0.7
    }
  ],
  "frameworks": [
    {
      "name": "value-chain",
      "slug": null,
      "matchId": "be40b6b8-1a05-4402-892b-4ec5364c764d",
      "evidence": "The slide explicitly maps the flow of goods and services between pharmaceutical companies, wholesalers, PBMs, and patients.",
      "confidence": 1
    }
  ],
  "arcBeats": [
    {
      "to": 17,
      "from": 7,
      "beatId": "c4e228f3-d94d-44e6-83ff-a813f9cea88d",
      "arcName": "Overcoming the Monster",
      "arcSlug": "overcoming-monster",
      "beatName": "The Monster",
      "beatSlug": "overcoming-monster-the-monster",
      "evidence": "Presentation of challenges and contradictions in Valeant's business",
      "position": 1,
      "confidence": 0.8,
      "parentBeatName": "Hook",
      "parentBeatSlug": "hook"
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}