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  "documentTitle": "Sarissa Capital | Activist Presentation Deck | 95 slides",
  "authorId": "sarissa-capital",
  "authorName": "Sarissa Capital",
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  "presentationDate": "2023-06-01 00:00:00",
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  "density": "balanced",
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  "notes": "Uses a dual-chart layout to highlight the divergence between operational success and market valuation.",
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      "kind": "callout",
      "text": "Wide divergence in revenue growth and stock price indicates a real problem",
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      "text": "Alkermes has grown revenues by +77% since 2015",
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      "kind": "chart",
      "text": "Alkermes stock price performance has been poor vs Indexes",
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      "kind": "source-note",
      "text": "Source: Bloomberg (6/2/23) / Price performance shown from 1/2/2015 to 12/30/2022",
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      "kind": "title",
      "text": "Since 2015 Alkermes has almost doubled revenue to >$1 Bn...but ALKS stock price has more than halved",
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      "evidence": "Contrasts historical revenue growth with stock price decline to frame a problem.",
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      "evidence": "The document repeatedly exposes contradictions in Alkermes' strategies and performance",
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      "evidence": "The document builds a logical chain of arguments to show the flaws in Alkermes' model",
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      "objective": "To show the logical inconsistency in Alkermes' business model",
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