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  "documentTitle": "Sarissa Capital | Activist Presentation Deck | 36 slides",
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  "notes": "Uses a high-jump metaphor to illustrate the gap between management performance and shareholder expectations.",
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      "text": "What Alkermes provides: low bar of “non-GAAP” net income targets that also allow the company to “adjust” numbers to meet/exceed its targets",
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      "text": "*NGNI: Non-GAAP net income\nSources: Alkermes DEFA14A (6/7/2023) and corporate presentation (6/7/2023)",
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      "text": "Alkermes touts flexible profitability targets with bar set low, rather than goal of maximizing shareholder value",
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