{
  "docId": "019de075-37cf-77a8-ac06-803553b19741",
  "docSlug": "fb1f3d8675ea71173cb7fbde0c578736",
  "documentTitle": "Sarissa Capital | Activist Presentation Deck | 36 slides",
  "authorId": "sarissa-capital",
  "authorName": "Sarissa Capital",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2023-06-01 00:00:00",
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  "pageNumber": 8,
  "pageCount": 36,
  "prevPage": 7,
  "nextPage": 9,
  "slideType": "before_after",
  "function": "illustrate_case",
  "density": "balanced",
  "nDataPoints": 4,
  "notes": "The slide uses a visual callout to emphasize the performance gap between ALKS and the indices.",
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  "slideHref": "/slides/019de075-37cf-77a8-ac06-803553b19741/8",
  "deckHref": "/decks/019de075-37cf-77a8-ac06-803553b19741",
  "deckJsonHref": "/decks/019de075-37cf-77a8-ac06-803553b19741.json",
  "deckAnchorHref": "/decks/019de075-37cf-77a8-ac06-803553b19741#slide-8",
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        "h": 0.4,
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      "kind": "callout",
      "text": "ALKS: +56.3% vs IBB: +17.1% / XBI: +5.4%",
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      "kind": "chart",
      "text": "Performance chart of ALKS, IBB, and XBI from Nov 2019 to mid-2023",
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        "h": 0.08,
        "w": 0.2,
        "x": 0.18,
        "y": 0.55
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      "kind": "legend",
      "text": "Sarissa initiates position",
      "attrs": null,
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        "x": 0.1,
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      "kind": "paragraph",
      "text": "After ~30 years of lackluster performance, Alkermes stock price appreciated in recent years largely due to pressure from Sarissa and other shareholders",
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      "kind": "source-note",
      "text": "Source: Bloomberg price return from 11/11/2019 to 6/7/2023. Sarissa initiated position in Alkermes on 11/11/2019",
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        "w": 0.9,
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      "kind": "title",
      "text": "Since Sarissa’s interactions with Alkermes (Pops), we’ve pushed for better governance, capital allocation decisions, and for shareholder returns",
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  "metrics": [],
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  "frameworks": [
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      "name": "before-after-framing",
      "slug": null,
      "matchId": "218afbbf-b157-4dda-b88d-884115ff6e37",
      "evidence": "Contrasts 30 years of lackluster performance with recent appreciation due to activist intervention.",
      "confidence": 0.9
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  "arcBeats": [
    {
      "to": 12,
      "from": 3,
      "beatId": "5cb3941b-d4ad-484f-b3ac-a4caf17db8b4",
      "arcName": "Overcoming the Monster",
      "arcSlug": "overcoming-monster",
      "beatName": "The Monster",
      "beatSlug": "overcoming-monster-the-monster",
      "evidence": "Slides 3-12 present a critique of Alkermes' leadership and performance",
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      "confidence": 0.8,
      "parentBeatName": "Hook",
      "parentBeatSlug": "hook"
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